Wise Business introduces Cashback

LONDON, November 16, 2022–(BUSINESS WIRE)–Wise Business, the business account for global operations, today launched cashback for its customers. The feature rewards business customers with 1% cashback on their card transactions*.

The feature is available to all UK registered businesses and allows them to earn cashback when making card payments worldwide.

Whether a business is buying paper from Scranton, sourcing Christmas supplies from Stockholm, or paying for chili crab on a business trip to Singapore, every transaction carries cashback.

All Wise Business Cardholders currently registered in the UK will be automatically enrolled in the new feature, with cashback paid out at the beginning of each month.

While the feature is currently only available to UK-based companies, Wise plans to roll it out to more countries in the near future.

Clara Nobre, Head of Wise Business, said:
“Small and medium-sized businesses face a difficult business environment, so we want to help where we can. Giving businesses cashback on their expenses is just one way to do it.

“We will continue to do everything we can to provide businesses with the international banking services they deserve, from providing features like cashback to building a world where money can move without borders.”

Wise Business is Wise’s service for small and medium-sized businesses and aims to help solve their international banking needs – long neglected by big banks and offering slow, expensive services to these businesses.

Today, Wise Business has more than 300,000 active customers.

*Exclusively:

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About Wise
Wise is a global technology company developing the best way to move money around the world. With the Wise account, people and businesses can hold over 50 currencies, move money between countries and spend money abroad. Large companies and banks also use Wise technology; an entirely new cross-border payment network that will one day bring money without borders to anyone, anywhere. However you use the platform, Wise is dedicated to making your life easier and saving you money.

Wise was co-founded by Kristo Käärmann and Taavet Hinrikus and launched in 2011 under its original name TransferWise. It is one of the fastest growing and most profitable technology companies in the world and is listed on the London Stock Exchange under the ticker WISE.

Over 13 million people and businesses use Wise, which processes over £9 billion worth of cross-border transactions every month and saves customers over £1 billion annually.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005024/en/

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