{"id":51099,"date":"2021-12-09T11:10:44","date_gmt":"2021-12-09T03:10:44","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=51099"},"modified":"2021-12-09T11:10:44","modified_gmt":"2021-12-09T03:10:44","slug":"wise-launch-multi-currency-account-and-card","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/wise-launch-multi-currency-account-and-card","title":{"rendered":"Wise Expands Services In Malaysia With Multi-Currency Account And Card"},"content":{"rendered":"

With global borders gradually opening up, the launch of this new service by Wise will allow Malaysians to spend in 200 countries and territories while saving money by not having to pay unnecessary fees and exchange rate markups.<\/p>\n

This multi-currency account and card service by Wise will allow Malaysians to have an international account to hold and spend money in more than 50 currencies. This makes it the first account to do so at the real exchange rate with zero markups, and no foreign transaction fees.<\/p>\n

The Wise account and card is best for:
\n\u25cf International online shoppers<\/strong> – Use the card when shopping overseas or at foreign online stores without foreign transaction fees, and send, receive, convert and hold foreign currency with the account, all at the mid-exchange rate with zero markups.
\n\u25cf Malaysians relocating abroad for work or study\/expats<\/strong> – open a local account easily within minutes to spend, receive and send money in a new country.
\n\u25cf Traveling abroad<\/strong> – free withdrawals up to 2x a month and safer than carrying a lot of cash<\/p>\n

According to Wise, research shows that Malaysians had spent RM 10.5 billion in total card fees when shopping overseas from 2015 to 2020. That averages out to RM 1.75 billion each year of which around RM 1.5 billion were hidden in transaction fees and hidden exchange rate markups yearly.<\/p>\n

\"Wise<\/a>

Lim Paik Wan, Malaysia Country Manager and APAC Expansion Lead at Wise<\/p><\/div>\n

\u201cWe are very excited to bring our multi-currency account and card solution to Malaysians. We believe the Wise card is the best way to spend internationally because, as the research shows, Malaysians are losing billions to hidden fees and exchange rate markups.<\/p>\n

“This will now be a thing of the past. With more travel lanes gradually opening, it will provide even more value to Malaysians as they look to spend money across borders, when traveling or online,\u201d Lim Paik Wan, Malaysia Country Manager and APAC Expansion Lead at Wise highlighted the benefits to Malaysians during the launch.<\/p>\n

In conjunction with the launch, Malaysians can also join the fun \u201cmoney personality\u201d quiz – How Wise Are You About Money<\/a><\/em> to find out how much they really know about making payments in different currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Malaysians can now spend in 200 countries and territories while saving millions that would otherwise have been lost to unnecessary fees and exchange rate markups. <\/p>\n","protected":false},"author":1,"featured_media":51101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,315,1,216],"tags":[],"class_list":["post-51099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cards","category-forex","category-investment","category-news-updates"],"acf":[],"yoast_head":"\nWise Expands Services In Malaysia With Multi-Currency Account And Card<\/title>\n<meta name=\"description\" content=\"This multi-currency account and card service will allow Malaysians to have an international account to hold and spend money in more than 50 currencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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