How Wise Is Disrupting The Cross-Border Payments Market, with Luke Hallard (Ticker: WISE)
Chit Chat Stocks
00:00
How Does Wyze's Core Money Transfer Business Work?
Luke: Could you maybe explain how Wyze's core money transfer business works compared to the legacy system? Luke: Let's talk about why legacy international transfers are expensive, complicated, and she'd take a lot of time. What wise did is just kind of revolutionize the whole thing really very simply. If I want to send a thousand bucks to you, well, wise, basically, you know, adjust their spreadsheet. The entry in the wise book in the US goes up. And then wise can send the money directly to you because they're connected to local payment rails in each of the countries they operate in.
Transcript
Play full episode
