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Raiffeisen Bank and Wise Platform: transforming cross-border payments for customers in Central and Eastern Europe
We’re excited to announce that Raiffeisen Bank International, a leading corporate and investment bank in Central and Eastern Europe (CEE), has partnered with Wise Platform to enable fast, secure, low-cost and transparent international payments for personal and business customers across the region.
Operating as a universal bank in 11 Central and Eastern European markets, Raiffeisen will roll out our industry-leading solution across its network, enabling customers to move money faster and more conveniently directly from their existing Raiffeisen accounts.
65% of Wise’s transfers are settled instantly* (in 20 seconds or less) and 95% are completed in under 24 hours.
With this partnership, Raiffeisen joins a strong roster of leading banks choosing Wise Platform to enhance their cross-border payment capabilities and end-to-end experience, driving customer loyalty.
Matthias Dekan, Head of Payments & Daily Banking at Raiffeisen Bank International said: "In the past few years, we have seen growing customer demand and rising expectations for seamless international payments and we're looking forward to going live with this innovative offering. Our collaboration with Wise Platform will allow us to provide our customers with a superior international payments experience."
Steve Naudé, Global Managing Director at Wise Platform said: “This partnership highlights major banks’ commitment to providing outstanding customer experiences and modernising their international payments offering with Wise Platform. By integrating our payments infrastructure, Raiffeisen is taking a significant step towards offering customers and businesses exactly this: cross-border payments that are instant, transparent, and ultimately more affordable, and we’re excited to be powering this for their customers.”
Wise Platform is powered by 70+ licenses and six direct connections to payment systems globally, enabling fast and secure cross-border payments to 160+ countries and 40+ currencies.
To learn more about how Wise Platform is opening up a world of payments for banks and global enterprises, visit our website.
*Transaction speed depends on individual circumstances and may not be available for all transactions.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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