With the new feature, Wise customers can now securely transfer funds in CAD between Wise and other financial institutions in the country by using their email address or mobile phone numbers, with funds typically arriving in 30 minutes. The implementation of this faster payments solution will secure cashflow for customers, allowing them to have access to funds almost instantly.
With consumers and businesses alike becoming more international, they are still looking for the most convenient options to benefit from a seamless user experience when making cross-border payments. Wise’s INTERAC integration offers a fast and secure fund transfer experience and a series of other services catering to Canadian users, including a Wise card, auto conversions, and INTERAC e-transfer payouts.
The Wise card was launched in November 2021 in Canada, allowing users in the country to benefit from a payments card that is up to four times more affordable than banks’ offer for spending abroad.
In March 2022, Canadians were also introduced to a new way of saving money through a more favourable exchange rate by using Wise’s Auto Conversion feature. The company’s mission is to help users securely transfer funds and make conversions from different currencies to CAD at minimum fees, which allows both businesses and regular customers earn more in the long term and get the best bang for their buck.
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