Case Study: Wise simplifies Singapore-to-Indonesia payments with TransFi

Wise speeds Singapore-to-Indonesia transfers with TransFi across 100+ countries

Wise, a global financial technology company, needed to facilitate efficient and cost-effective money transfers from Singapore to Indonesia for its users. The challenge involved navigating complex cross-border payment infrastructure, multiple local payout methods like bank transfers and e-wallets, and ensuring transparent pricing. To address this, Wise utilized the payment infrastructure provided by TransFi.

TransFi's solution was its single API payment network, which integrated global collections and payouts into one platform. This provided Wise with direct access to Indonesian payout rails, including BI-FAST for bank transfers and supported e-wallets like GoPay, OVO, and DANA. The implementation simplified the connection to local payment methods, offered explicit pricing, and provided transaction tracking. For Wise's customers, this resulted in a streamlined process for sending money to Indonesia with greater visibility into the final amount received.

Wise