Wise has struck an open finance agreement with Plaid that will enable the former’s 13 million of customers to connect their accounts to thousands of apps, according to Finextra.
Based on Plaid’s open finance tool Core Exchange, the arrangement means that people can connect their Wise USD local account to thousands of other apps – including Venmo, Truebill and Chime – to easily move money back and forth.
The integration is already live and being used for things such as P2P payments and investment platforms, says Wise. Business customers in the US are using it to send funds to payroll companies, and firms globally are connecting to neobanks, as well as paying credit card bills and paying tax.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
