Wise, the global technology company building the best way to move and manage the world’s money, launched PHP Account Details for its customers in the Philippines.
This feature benefits users, such as freelancers, international students and expats in the country, to receive payments in Philippine Pesos (PHP) with zero fees into their Wise Account, providing a simpler and more convenient way to manage their finances without needing a traditional bank account or local address.
Areson Cuevas, Country Manager for Wise Philippines, said, “At Wise, we are constantly evolving to meet the needs of our Filipino customers. PHP account details, and the ability to instantly top up Wise accounts and card transactions through InstaPay, are among the most highly requested features from our users. We believe these added capabilities will help users to seamlessly manage their finances and enjoy a convenient payment experience.”
The rollout of PHP account details is the latest step in Wise’s ongoing mission to make international payments fast, affordable, and transparent for everyone. Since launching in the market in May 2024, Wise has continuously introduced new features to help Filipinos move and manage their finances across the globe. Recently, Wise gained direct access to InstaPay, the Philippines’ instant payments infrastructure, enabling instant payments (under 20 seconds) to PHP, allowing users to fund their Wise Account and card transactions quickly and conveniently via bank transfers or e-wallets like Gcash and Maya.
With the introduction of PHP account details, Filipinos–including freelancers, international students and expats in the Philippines–can receive local payments from friends, family, or employers just like a resident, giving them a seamless way to manage their Philippine pesos.
The addition of PHP account details also brings the total account details available to 23, including GBP, AUD, CAD, EUR, GBP, HUF, NZD, SGD, USD, and TRY. These account details are unique to everyone, allowing users to share them with friends, companies, or customers to receive money globally.
Wise customers in the Philippines can now hold, send, and receive money in over 40+ currencies instantly, with no holding fees or minimum balance required. They can also use the Wise Card to spend internationally in over 160 countries or online, at the mid-market rate (the rate that you’ll usually see on Google) with no hidden fees.
