Wise Payments Targets India's Booming $32 Billion Overseas Remittance Sector

Sunday, 11 August 2024, 19:00

Overseas remittances are becoming a hot topic, as Wise Payments Ltd. eyes India's $32 billion market. After a strategic pause, Wise plans to onboard new customers in India. This move signals significant growth potential in capturing a larger share of remittances, showcasing the evolving landscape of financial services in the region.
Bloomberg
Wise Payments Targets India's Booming $32 Billion Overseas Remittance Sector

Wise Payments Re-enters the Overseas Remittances Market

Overseas remittances have seen tremendous growth, reaching approximately $32 billion in India. In a bold move, Wise Payments Ltd. aims to expand its customer base in this lucrative segment after a pause. This decision could reshape the financial services landscape in India.

Strategic Plans for Customer Onboarding

Post-pause, Wise is eager to capitalize on this growing market. With innovative strategies, they plan to offer competitive services that cater to the needs of Indian customers.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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