UniCredit has announced the launch of its new international payment service for retail customers, developed in partnership with Wise.
Following this announcement, the collaboration is expected to enable UniCredit to integrate a fast, secure, and transparent service for foreign-currency payments directly into its mobile banking application.
In addition, the new service will enable international transfers from EUR into several foreign currencies, with the same speed and simplicity as domestic transactions. The solutions will also enable UniCredit Italy’s clients to quickly and easily send payments to recipients in selected countries, including the UK (GBP), Switzerland (CHF), Hong Kong (HKD), Singapore (SGD), and India (INR), with more currencies in development.
More information on UniCredit’s product launch
According to the official press release, the initiative is expected to build upon UniCredit’s track record of optimising payments solutions, including the introduction of embedded FX conversion when making or receiving payments in over 120 currencies through the use of UC PayFX, as well as advanced FX management and transaction monitoring through UC PayFX Webservice. Both companies will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
In addition, the strategy will focus on the process of optimising payments and providing clients with an improved experience, capable of moving with the speed and transparency of a fintech. The solution is set to be rolled out to UniCredit customers in Italy starting from the 21st of July 2025, with future plans to extend availability to additional countries around the world.
