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Wise Platform Teams Up with Nubank to Power International Payments

Wise

14.06.24 (updated more than 1 year ago)

Read time 1 minute

We are thrilled to announce our first partnership in Brazil with Nubank, the world’s largest digital banking platform outside Asia.

This strategic collaboration enables Nubank to leverage Wise’s infrastructure to issue multi-currency accounts and debit cards directly through their own application, allowing Nubank’s customers from the bank's premium segment, Ultravioleta, to spend, convert, and manage money internationally with ease.

"Partnering with Nubank, one of South America’s largest financial services providers, is another major milestone for Wise Platform. Through this partnership, we’re helping Nubank customers access fast, transparent payments and the ability to easily manage money across currencies", says Steve Naudé, Global Managing Director for Wise Platform.

Unmatched Benefits for Nubank Ultravioleta Clients

Nubank Ultravioleta clients now have access to fast, low-cost, and transparent international payments directly from the Nubank platform. They can also hold money in USD and EUR with a global account and spend like locals with the international debit card across more than 200 countries and territories.

The Power of Wise Platform

Wise Platform allows banks, financial institutions and enterprises to integrate Wise’s cutting-edge infrastructure into their existing platform, providing these organisations with the technology, capabilities and network to enable fast, secure and cost-effective international payments for their customers.

“With Nubank, one of the key challenges was embedding full international functionality, specifically - the multi-currency card system, without disrupting their app experience,” said Ilya Leyrikh, Senior Product Director at Wise.

Naudé adds that "across the sector, we are seeing a real push from banks and financial institutions to provide their customers with best-in-class international payments services. By working with Wise Platform, banks are able to achieve this in a matter of months or even weeks. We’re thrilled to be working with Nubank, which joins a growing list of major partner banks and financial services providers, including Shinhan Bank, Bank Mandiri, BPCE and IndusInd".

Wise Platform partners benefit from the combined expertise of engineers and payments experts who have spent the past decade building one of the world's largest global payment networks. This team includes dedicated delivery, engineering, customer, and product specialists who work collaboratively to integrate Wise APIs seamlessly into the partners’ existing infrastructure and user interfaces.

Join the Cross-border Payments Revolution

All Nubank Ultravioleta clients can enjoy the benefits of this groundbreaking product by experiencing a fast, low-cost, seamless way to manage and spend money across borders.

Learn more about Wise Platform

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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.