Nubank, One of Brazil’s Largest Financial Institutions Teams Up With Wise Platform

Today, Wise Platform, Wise’s infrastructure offering for banks, financial institutions, and enterprises around the world, announced its partnership with Nubank, one of Brazil’s largest financial institutions, to power their global account and international debit card.

The partnership marks yet another major step for Wise Platform as it continues to attract major global banks and businesses as partners – the likes of Bank Mandiri, Shinhan Bank, IndusInd, BPCE, Monzo and Google Pay are also signed up, with Wise Platform now counting more than 85 partners worldwide.

Nubank has more than 90mn customers across South America, with more than 85mn in Brazil. Nubank is Brazil’s largest digital bank and its second largest overall.

At launch, this partnership will power:

• Nubanks’s new global account and international debit cards for Nubank’s ‘Ultravioleta’ (premium tier) customers
• Customers’ ability to hold USD & EUR, and spend with local currencies in 200 countries and territories around the world with the card
• Another important step in Wise’s growth in Brazil and the broader region – Wise has issued more than one million Wise cards within 15 months of their launch in Brazil

Steve Naudé, Global Managing Director for Wise Platform commented: “Partnering with Nubank, one of South America’s largest financial services providers, is another major milestone for Wise Platform. Through this partnership, we’re helping Nubank customers access fast, transparent payments and the ability to easily manage money across currencies. Across the sector, we are seeing a real push from banks and financial institutions to provide their customers with best-in-class international payments services. By working with Wise Platform, banks are able to achieve this in a matter of months or even weeks. We’re thrilled to be working with Nubank, which joins a growing list of major partner banks and financial services providers, including Shinhan Bank, Bank Mandiri, BPCE and IndusInd.”