Swan's more than 100 clients may now provide international payments, allowing their clients' clients to send and receive money in more than 20 currencies in a matter of seconds at the mid-market rate. More than 60% of all transfers made using Wise today settle instantly, or in less than 20 seconds.

By this collaboration, Swan's clients may enable international payments with ease and save money and time on installation thanks to Wise Platform's complete integration into Swan's technological stack. Clients are able to give their customers a more convenient experience while concentrating their efforts on their primary business.

Swan makes it simple for businesses all around Europe to include banking functions like cards, accounts, and payments into their own products. Companies are able to create more comprehensive, all-in-one user experiences and increase income through their integrations with Swan. One of Swan's most notable clients is Pennylane, an accounting tool that just become a unicorn. The mid-market expansion strategy of Pennylane heavily relies on the new international payments improvement.

"Our customers love paying their bills in a matter of seconds on Pennylane," stated Tancrède Besnard, Vice President of Products at Pennylane. The accounting side is instantly impacted by the payments that are made on the expenditure management side. For medium-sized and large businesses, the ability to pay foreign currency bills from overseas suppliers was a critical requirement.

"Wise Platform and Swan share a philosophy of building products and solutions that make life easier for customers, so they can focus on their core business," stated Steve Naudé, Managing Director of Wise Platform. We are thrilled to announce this relationship since it will provide their European clients with a simple, cost-effective, and faster method of sending and receiving money when conducting business abroad. We anticipate developing a closer bond with Swan in the future.

"People expect in-app payments to be available in whatever currency they need," said Swan CEO Nicolas Benady. Any European firm may effortlessly integrate foreign payments into their product thanks to Swan's cooperation with Wise. Swan gives preference to local routes, so businesses may provide the cheapest and fastest transportation. By outlining fees before each transfer, they can also provide total transparency. Strategic growth prospects are created by this major overhaul, particularly for software related to financial management and specialty banking.

The majority of European neobanks already use the Wise Platform to swiftly and easily develop cross-border payment services, such as N26, bunq, and Activo.