Slow financial rails are creating useless products and wasting our time in “innovation”. With the #GMEstock dust settled, here are some thoughts on how our archaic financial infrastructure is becoming an impediment to innovation and simply put - slowing us down! (1/18)

Sir @PaulMcCartney - you broke San Antonio tonight and we are thankful for it. Hey Jude!

Flight lands in SFO and we sit on tarmac for a while. Captain comes on “ladies and gentlemen - SFO currently has a traffic jam on the runway. So they are holding us here. We can’t cross in yet. The gate is open but we just have to get there…” Bay Area freeways and runways - have

Thanks to ⁦@Wise⁩ 💵 CTO ⁦@harshsinha⁩ for a fascinating afternoon in a great 🇬🇧🇪🇪 export to the US 📲! Wise now delivering for 16 million customers worldwide, moving $130+ billion across the 🌍 in 2024, and creating 350 highly skilled jobs right here in Austin 🌳!

➡️For a full list of everything we’ve been up to read the full update here https://t.co/hBktOxJNLF 🚀Want to join the 5,000+ Wisers helping us achieve our mission? We're hiring globally. Explore the roles here

In May, we hosted our second annual Wise Connect event, bringing together 150+ international payments experts for an afternoon of insightful discussions, innovation, and valuable networking.

🤝We’ve teamed up with 4 new partners since March - @nubank, @swanapi, T2P and @getqonto. Read more about these partnerships here:

🇵🇰Businesses can now send PKR to personal accounts in Pakistan. Whether working with an agency in Karachi or paying for services in Lahore, send up to 100,000 GBP (or local equivalent) per transfer.

Businesses can now increase spending limits directly in the app. Simply specify the new limit and the reason, and we'll approve it instantly—no more lengthy phone calls or weeks of waiting.

💼Wise Businesses - Freelancing for a big client? Or maybe you’re a small business owner? With our new invoicing feature, you can create professional invoices in just a few clicks. No need for any spreadsheets.

🇸🇬Sending SGD? You can now look up your recipient if they use PayNow or Wise, instead of entering bank details. Plus, scan a PayNow QR code to pay on the spot.

⬆️We’ve had some limit increases around the world - You can now send 🇮🇩 2B IDR per transfer, 🇮🇳 500K INR instant transfers, 🇵🇰 35M PKR per transfer & 3M PKR instantly, and 🇮🇱 more than 50K ILS per transfer.

📧If you receive an email from someone sending you money using Wise, you no longer need to enter your bank details. You can now receive the money directly to your Wise balance.

👤We've changed the order for setting up a transfer. Now, you'll select your recipient first so we can provide the most accurate fees and delivery time based on who you're sending to.

💸See how much you’re saving with us - Whether you've sent 1 or 100 international transfers, you can now check your account summary to see the fees you saved by using Wise instead of another provider.

🇵🇭We’ve launched in the Philippines. Freelancers there can now get paid in multiple currencies, transfer to local banks/e-wallets, and use the Wise card globally with no hidden fees. Learn more here:

📞 In April, our Customer Support phone line went 24/7. Now you can reach our English-speaking team anytime, any day. It’s all part of making Wise more convenient for you.

But 95% of all transfers are still arriving within 24 hours. Read more: https://t.co/pxYtkU2Cnr

🏎️Speed - 59% of transfers were instant - completed in under 20 seconds - down from 62% in Q1. Integration issues with partners in Thailand, Indonesia & Pakistan caused delays. And while payouts in IDR took longer, we now receive them faster.

You can check our handy calculator to see how your route has changed https://t.co/Jpsudnvpxr

Meanwhile, some payment methods have become more expensive. 🇺🇸🇨🇦Fees for loading your Wise account or funding transfers with certain bank-issued cards and direct debit (ACH) in the US and Canada increased. To avoid these fees, you can get paid directly into your Wise Account.