Wise, formerly known as TransferWise, is a popular money transfer service that allows individuals and businesses to send and receive money internationally.
This enables you to make and receive payments around the world.
However, you might be wondering if it's possible to send and receive money using Zelle and Wise (TransferWise).
This article explores the relationship between the two.
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Zelle is a digital payments network that facilitates quick and secure money transfers between individuals and even businesses.
The platform allows users to send and receive money directly from their bank accounts, using only their email address or mobile phone number.
Wise and Zelle are not compatible with each other.
That is because they operate in different markets, serving different roles.
Wise has its own proprietary network of bank accounts in different countries, which allows it to offer fast, low-cost international money transfers.
When you send money through Wise, the company will convert your funds into the recipient's local currency and transfer the money directly to their bank account.
Zelle, on the other hand, partners with US banks to offer domestic money transfers only.
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