Currencycloud vs Wise
Currencycloud
currencycloud.com
Wise
wise.comSide by side
| Figure | Currencycloud | Wise |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | — |
| Plans published | 1 | 1 |
| Spec score · Cross-Border Payment Platforms | 7.4 (#14) | 8.1 (#6) |
| Founded | 2012 | 2011 |
| Headquarters | London, United Kingdom | London, United Kingdom |
| Purpose | Currencycloud provides cross-border payment infrastructure for businesses to collect, convert, send and manage multiple currencies. | The Wise app lets people send money, receive payments from abroad, check exchange rates, pay bills, and send money to loved ones. |
| Regulation | Currencycloud’s regulation page says it is regulated in Australia, Canada, the Netherlands, the United Kingdom and the United States. | Wise states it is authorised by the UK Financial Conduct Authority for issuing electronic money and works with a local bank partner to offer inward remittance service to India with RBI approval. |
| Security | The developer portal says API authentication tokens expire after 30 minutes of inactivity and accounts are disabled after four unsuccessful login attempts within a short period. | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. |
| Support | The developer portal directs users to contact its support team for help. | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. |
Plans
In their own words
Currencycloud
Currencycloud has no write-up on Specifiction yet; its figures are above.
Wise
Wise is a money app for sending money, receiving payments from abroad, checking exchange rates, paying bills, and sending money to loved ones. It sends to bank accounts in over 140 countries; delivery on many popular routes is within a day, the same day, or instant. Wise says it uses the mid-market exchange rate and displays fees before payment. Signing up is free, with no subscription; sending and conversion fees vary by currency and start from 0.33%. Sending to another Wise account has no sending fee, though conversion fees may still apply. Transfers can be funded with Apple Pay, Google Pay, cards, or bank transfer. Users can track and schedule transfers, repeat previous transfers, and receive live exchange-rate notifications. Wise says it safeguards customer money separately from its own and uses two-factor authentication to protect accounts and transactions. Photo ID may be required for some currencies or large transfers. The app is available on Android, iOS, and web.