admin In a strategic move to enhance its cross-border payment offerings, Standard Chartered has announced a partnership with Wise Platform, the global payments infrastructure provider. This collaboration aims to make international payments faster and more affordable for users of SC Remit, Standard Chartered’s cross-border payment service, across Asia and the Middle East.
Through this partnership, SC Remit customers will soon be able to send money in 21 currencies, including USD, CAD, EUR, GBP, and SGD, within seconds. By integrating Wise Platform’s infrastructure via its API, Standard Chartered plans to ensure that users receive transparent pricing, with all transactions conducted at the mid-market rate and no additional markups. This integration will roll out in the coming quarters, with plans for future expansion to support more currencies and regions, underscoring Standard Chartered’s commitment to delivering a seamless international banking experience.
Samir Subberwal, Standard Chartered’s Global Head of Wealth Solutions, noted that the partnership with Wise aligns with the bank’s goal of offering enhanced banking experiences. He highlighted Wise’s reputation for efficient cross-border payments as a key factor in the collaboration, which he believes will provide clients with an “even more seamless, faster, and efficient digital global payments experience.”
Wise’s Proven Infrastructure to Power SC Remit
With over 65 licences and 6 direct connections to global payment systems, Wise enables 63% of its cross-border transactions to complete in under 20 seconds. Wise’s robust platform will support Standard Chartered’s SC Remit service with instant, secure, and transparent transactions. Wise Platform also offers integration support through its global engineering team, ensuring a smooth onboarding experience for partners.
Steve Naudé, Managing Director of Wise Platform, emphasised that this partnership represents a significant milestone in financial institutions’ efforts to improve cross-border payments. Naudé noted that Wise and Standard Chartered share a vision for creating seamless payment experiences, adding that the collaboration will allow SC Remit customers to benefit from Wise’s extensive infrastructure, payment operations expertise, and global licensing network.
This partnership highlights Standard Chartered’s dedication to advancing digital solutions in international banking, offering clients a faster, transparent, and more affordable way to send money worldwide.
Magazine 
