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Swan empowers businesses with Wise partnership
In a move to simplify and reduce costs associated with international payments, European embedded finance leader Swan has partnered with Wise Platform, the infrastructure solution provider from Wise. This collaboration aims to empower Swan’s existing client base of over 100 companies to offer their customers a robust and efficient international payments solution.
The core benefit of this partnership lies in facilitating seamless cross-border transactions. Swan’s clients can now equip their customers with the ability to send and receive money in over 190 countries across more than 20 currencies, all at the mid-market rate. Notably, a significant portion of these transfers are settled within a remarkable timeframe of under 20 seconds.
Faster integration, more focus on your business
The seamless integration of Wise Platform into Swan’s technology stack plays a crucial role. This integration minimizes implementation timelines and associated expenses for businesses seeking to leverage international payments. Consequently, companies can dedicate more resources to their core operations while simultaneously enhancing the customer experience by offering a more streamlined international payment process.
Swan’s unique value proposition in the European market lies in its ability to seamlessly integrate essential banking features, such as accounts, cards, and payments, directly into its clients’ existing products. This not only fosters a comprehensive user experience but also unlocks additional revenue streams for these companies.
- A prime example is Pennylane, a recently minted unicorn in the accounting software sector. Pennylane utilizes Swan’s international payments functionality as a key component of its expansion strategy targeting the mid-market segment.
Wise platform: streamlining global finance
On the other hand, Wise Platform has established itself as a leader in infrastructure solutions designed to streamline and economize global financial transactions for institutions like banks, financial institutions, and businesses alike. This partnership marks a significant milestone in providing European clients with an intuitive, affordable, and efficient mechanism for conducting international business.
Further analysis of this collaboration reveals its potential to unlock new avenues for strategic growth, particularly within the domains of financial management and niche banking software solutions. Swan’s focus on prioritizing local routes ensures companies can offer the most cost-effective and time-efficient transfer services, along with upfront transparency regarding associated fees.
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