Case Study: Wise achieves fast, low-cost transfers from the USA to Indonesia with TransFi

Wise sends $5,000 to Indonesia for just $23.57 with TransFi

The customer, Wise, needed a cheap and efficient method for individuals and businesses to send money from the USA to Indonesia, seeking to avoid the high fees and poor exchange rates common with traditional banks and some other providers. The vendor, TransFi, offered its Bizpay product as a practical solution tailored for business requirements, including bulk payments and competitive FX rates.

TransFi's solution, Bizpay, streamlined cross-border transactions for Wise's users with features like seamless API integration, providing a competitive alternative. This resulted in the most cost-efficient transfers, with Wise standing out for its use of the real mid-market exchange rate, a low transparent fee of $23.57 on a $5,000 transfer, and speeds where over 90% of transfers are completed within 24 hours.

Wise