Raiffeisen Bank Partners with Wise Platform to Revolutionize Cross-Border Payments in Central and Eastern Europe
Raiffeisen Bank International has recently announced a strategic partnership with Wise Platform to revolutionize the international payment experience for both personal and business customers across Central and Eastern Europe (CEE). This collaboration is set to enhance the way customers send money abroad, making the process faster and more efficient.
Integration of Wise Platform for Enhanced Payment Solutions
Operating as a universal bank in 11 markets within the CEE region, Raiffeisen Bank will implement Wise’s advanced payment infrastructure throughout its network. This integration will allow customers to transfer money internationally with ease, directly from their existing Raiffeisen accounts.
According to Wise, an impressive 65% of its transfers are completed in under 20 seconds, while 95% are settled within 24 hours. This rapid processing time highlights the efficiency of their payment solutions.
Meeting Customer Expectations
Matthias Dekan, Head of Payments & Daily Banking at Raiffeisen Bank International, emphasized the importance of this partnership. “In the past few years, we have seen growing customer demand and rising expectations for seamless international payments,” he stated. “We’re excited to launch this innovative offering that will provide our customers with a superior international payments experience.”
Commitment to Outstanding Customer Experiences
Steve Naudé, Global Managing Director at Wise Platform, commented, “This partnership underscores major banks’ commitment to modernizing their international payments services. By integrating our infrastructure, Raiffeisen Bank is taking a substantial step towards delivering instant, transparent, and cost-effective cross-border payments for its customers.”
Wise Platform’s Global Reach
Wise Platform operates with over 70 licenses and maintains direct connections to various global payment systems. This robust infrastructure facilitates secure and swift money transfers across more than 160 countries and supports transactions in over 40 currencies.
For further details on Raiffeisen Bank’s services, visit their official website: Raiffeisen Bank International. Additionally, explore Wise’s offerings to understand how they are transforming payment solutions globally: Wise Platform.
