Wise Unlocks Thailand With Multi-Licence Approval
Hey Payments Fanatic!
Wise just unlocked local operations in one of Southeast Asia’s most protected payments markets: Thailand. 🇹🇭
The secured multi-licence approval from the Bank of Thailand and the Ministry of Commerce allowed the company to launch the country’s first fully digital multi-currency wallet.
Retail and business users will be able to send, receive, and spend globally from one app.
“Thailand’s cross-border market has long been dominated by banks. Wise is bringing a faster, more transparent alternative,” said SK Saraogi, APAC Head of Banking and Expansion at Wise.
APAC now drives over 20% of Wise’s revenue. The region grew 22% to £263.8 million last year.
This is about more than Thailand. Over 75 licences globally.
New approvals in the UAE. Conditional approval in South Africa. Regulatory depth is becoming the real moat.
This is part of a broader buildout. Wise has been scaling profitability and infrastructure globally, as I previously covered here 👉: Wise FY2025: Growth, Profitability, and the Strategic Push Behind Wise Platform.
And this sets a new benchmark. Multi-licensing complexity in Southeast Asia is becoming a competitive advantage for those who can execute.
Keep scrolling 👇 More expansion signals are lining up. I’ll connect the next ones with you tomorrow.
Cheers,
INSIGHTS
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