Wise Launches Innovative Hyderabad Hub: A New Era of Opportunity
Wise, the renowned money transfer giant, has been operational in India since 2013 and currently facilitates approximately 10% of all international funds sent to the country. This year, Wise is set to enhance its presence significantly by launching a new full-stack hub in Hyderabad, which will create numerous job opportunities and strengthen its service offerings for Indian businesses.
Wise Expands Operations in India
The upcoming hub in Hyderabad will employ hundreds of professionals over the next few years. It will initially focus on recruiting core regional teams specializing in product development, engineering, and customer servicing operations. Smrithi Ravi, who has been leading Wise’s engineering efforts in Singapore for the past six years, will return to India to head this pivotal hub.
New Features for Indian Businesses
In conjunction with the hub’s opening, Wise is introducing an international account tailored specifically for Indian businesses. This account will enable companies to:
- Receive payments from abroad in multiple currencies, including USD, GBP, EUR, AUD, and SGD.
- Access international account details easily, streamlining their payment processes.
Smrithi Ravi expressed her enthusiasm about the move, stating, “India’s tech talent ecosystem is world-class, and I’m excited to return home to lead Wise’s newest full-stack hub in Hyderabad.” She emphasized that the teams in Hyderabad will be instrumental in enhancing Wise’s global infrastructure and driving product development.
Revolut’s New Developments in India
In a related update, Revolut has obtained full authorization from the Reserve Bank of India to issue prepaid payment instruments that support UPI payments. Paroma Chatterjee, CEO of Revolut India, stated, “We are excited to build on our existing licenses and launch our domestic PPI product in India, alongside our international multi-currency card.”
With these developments, both Wise and Revolut are poised to transform the financial landscape for Indian businesses, making international transactions more accessible and efficient.
For more information on Wise’s services, visit their official website.
To learn more about Revolut’s offerings, check their website here.
