Today, the Wise Platform, Wise’s infrastructure offering for banks, financial institutions and businesses around the world, announced its partnership with Nubank, one of Brazil’s largest financial institutions, to power its global account and international debit card.
The partnership represents another important step for Wise Platform as it continues to attract major global banks and corporates as partners – companies such as Bank Mandiri, Shinhan Bank, IndusInd, BPCE, Monzo and Google Pay have also signed on, with Wise Platform now this includes more than 85 partners worldwide.
Nubank has more than 90 million customers across South America, including more than 85 million in Brazil. Nubank is Brazil’s largest digital bank and the second largest overall.
At launch, this partnership will enable:
Nubanks’ new global account and international debit cards for Nubank’s “Ultravioleta” (premium tier) customers
The ability for customers to hold USD and EUR and pay with the card in local currencies in 200 countries and territories around the world
Another important step in Wise’s growth in Brazil and the wider region, Wise has issued more than one million Wise cards within 15 months of its launch in Brazil
Steve Naudé, Global Managing Director of Wise Platform, commented: “Partnering with Nubank, one of South America’s largest financial services providers, is another important milestone for Wise Platform. Through this partnership, we are giving Nubank customers access to fast, transparent payments and the ability to easily manage money across multiple currencies. Across the industry, we are seeing a real push from banks and financial institutions to offer best-in-class international payment services to their customers. By working with Wise Platform, banks can achieve this within months or even weeks. We are delighted to be working with Nubank, joining a growing list of key partner banks and financial services providers, including Shinhan Bank, Bank Mandiri, BPCE and IndusInd.”