What Is Wise?

Get introduced to Wise.

We'll cover the following

Overview

With the evolution of the internet, the world is becoming more connected day by day. E-commerce is now a constant demand, and businesses worldwide are adopting it. Nowadays, businesses of every scale want to be present in the online market.

Sellers, products, customers, and money are the core elements of any market. Technologists are continuously trying to improve the payment gateways to keep the market engaging and provide a secure and fast way to transfer money. One of these gateways is Wise.

Wise, formerly known as TransferWise, is a money transfer platform that offers multiple solutions for its clients to send and receive money worldwide. In the past, banks were the only source to make monetary transactions, and money is mostly limited to the country in which that bank operates—which makes international transfers around the globe more difficult.

The main idea behind this startup was to transfer money beyond borders without having hidden markups in exchange rate fees. Wise lets us hold, send, receive, and convert money in many currencies internationally.

Today, Wise is providing services of money transfer and payments via debit card in 30+ countries. It can hold money in 50+ currencies. This model continues to grow in popularity.

Offered APIs

Wise provides several different APIs:

  • Payouts
  • Banks
  • Affiliates
  • Receive Money
  • Open Banking

The purpose of this course is to get our learners familiarized with Wise APIs and how to use them. Therefore, in this course, we will be covering payouts API only.