Cheat Sheet: Google Pay integrates Wise for international payments
- Google Pay is integrating Wise to offer international payments to its users.
- The Wise Platform allows software firms, banks and businesses to integrate with its APIs.
Starting today, Google Pay users in the U.S. on iOS and Android devices are able to send money to their friends and family abroad within the Google Pay app. That’s thanks to an integration with Western Union and Wise.
The details
- The initial launch will enable Google Pay users in the U.S. to send money to Google Pay users in India and Singapore, with global send money capabilities to 80+ countries expected later this year.
- Google Pay is expanding the types of financial services it offers its users, moving into offering 3rd party bank accounts later this year through partners like BankMobile, Citi, and Coastal Community Bank.
- Google Pay has an estimated 25 million users in the U.S., according to TechCrunch.
- For new customers, Wise will make the first transfer free on transfers up to USD $500 until June 16.
“Cross-border payments are not just a lifeline for loved ones, they form the financial backbone for many economies,” said Josh Woodward, director of product management, Google Pay. “For many people with families abroad, sending money home is something they do as frequently as every month. By teaming up with Wise, we are providing a way for Google Pay users to send money quickly, safely and reliably from the Google Pay app.”
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