Singapore · Payments & e-money
Wise Asia-Pacific PTE. LTD.
Wise Asia-Pacific Pte. Ltd. is a private company incorporated in Singapore that trades as Wise. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under the Payment Services Act 2019, licence PS20200413. MAS also licenses it as a Capital Markets Services licensee. It belongs to the Wise group, whose ultimate holding company since May 2026 has been Wise Group plc of Jersey. It provides Wise multi-currency accounts, international money transfers and a Wise debit card to individuals and businesses in Singapore, and it issues the card itself.
Licences and registrations
Held by Wise Asia-Pacific PTE. LTD.. 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Firm type
E-money and accounts
Trades as Wise
- Ownership
- The firm belongs to the Wise group, which Wise Group plc of Jersey has headed since a reorganisation completed on 8 May 2026. The firm's direct shareholder was not confirmed from a primary source.
- Ultimate owner
- Wise Group plc, Jersey
- Head office
- 2 Tanjong Katong Road, #07-01, Paya Lebar Quarter, Tower 3, 437161 Singapore, Singapore
- Company register
- ACRA UEN 201422384R
- Founders
- Kristo Käärmann · Taavet Hinrikus
- Former name
- TransferWise Singapore Pte. Ltd.
Online
- Websites & references
- wise.com ↗
newsroom.wise.com ↗ Wise newsroom for Asia (press releases)
status.wise.com ↗ service status page (group)
docs.wise.com ↗ API documentation (group) - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 14 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/200786-WISE-ASIA-PACIFIC-PTE-LTD
- wise.com/sg/
- wise.com/sg/legal/terms-of-use
- wise.com/sg/legal/card-supplement-agreement
- wise.com/help/articles/2932693/how-is-wise-regulated-in-each-country-and-region
- wise.com/sg/terms-of-use
- wise.com/sg/legal/wise-card-processing-agreement
- wise.com/help/articles/2978053/how-do-i-receive-money-with-my-sgd-account-details
- newsroom.wise.com/en-CAS/235483-wise-ramps-up-singapore-presence-with-expanded-office-and-five-new-local-le
- newsroom.wise.com/en-CAS/248439-wise-expands-its-asia-pacific-hub-in-singapore-with-new-larger-office-to-su
- owners.wise.com/news-releases/news-release-details/q4-fy2026-trading-update
- newsroom.wise.com/en-NAM/265506-wise-debuts-us-listing-on-nasdaq/
- stocktitan.net/sec-filings/WSE/20-f-wise-group-plc-files-annual-report-foreign-issuer-5201146d59bb.html
- mas.gov.sg/regulation/enforcement/enforcement-actions/2025/mas-imposes-composition-penalties-against
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution under the Payment Services Act 2019. The licence covers account issuance, domestic and cross-border money transfer and e-money issuance. MAS also licenses the firm as a Capital Markets Services licensee for dealing in collective investment schemes and for providing custodial services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution licence (Payment Services Act 2019): account issuance, domestic money transfer, cross-border money transfer and e-money issuance services | PS20200413 | In its own name | Active | eservices.mas.gov.sg ↗ |
| Monetary Authority of Singapore Singapore | Capital Markets Services Licence: dealing in capital markets products (collective investment schemes) and providing custodial services | — | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it holds customer money on trust in dedicated segregated accounts at DBS Bank Ltd and Oversea-Chinese Banking Corporation Limited, and that the balances are not covered by the Singapore Deposit Insurance Scheme.
- Safeguarding bank · Partner
- DBS Bank Ltd Singapore
- Safeguarding bank
- Oversea-Chinese Banking Corporation Limited (OCBC Bank) Singapore
- Acquirer / processor
- Adyen Singapore Pte. Ltd. Singapore
- Payment schemes and card networks
- FAST (Singapore) Direct wise.com ↗
PayNow Direct newsroom.wise.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm offers multi-currency Wise Accounts, international transfers, SGD account details for receiving FAST and PayNow payments, and Wise debit cards. It also offers card-payment acceptance for businesses through Adyen Singapore Pte. Ltd. and investment features under its Capital Markets Services Licence.
The firm serves customers resident in Singapore. Customers who move abroad are transferred to the Wise entity for their new country.
- Revenue
- USD 2.5bn
- Payment volume
- USD 243bncross-border volume
- Sells to
- Consumers · Small businesses
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Shrawan Kumar Saraogi Singapore CEO and APAC Head of Expansion
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The Wise group reorganised under Wise Group plc of Jersey on 8 May 2026 and moved its primary listing to Nasdaq on 11 May 2026.
stocktitan.net ↗ -
Other
Wise opened a 31,800 sq ft Asia Pacific hub office at Paya Lebar Quarter, Singapore, which it said houses just under 600 employees.
newsroom.wise.com ↗ -
Other
Wise announced a direct connection to Singapore's PayNow network, following its direct integration with FAST in 2022.
newsroom.wise.com ↗ -
Leadership
Wise appointed Shrawan (SK) Saraogi as Singapore Country Manager and APAC Head of Expansion, and Ser-Jin Lee as APAC Compliance Director.
newsroom.wise.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 0b551366f715
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
- Website
- www.wise.com/sg ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 2 TANJONG KATONG ROAD, #07-01, PLQ3 437161, Singapore, 437161
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>WISE ASIA-PACIFIC PTE. LTD.</Nm>
<PstlAdr>
<PstCd>437161</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>2 TANJONG KATONG ROAD, #07-01</AdrLine>
<AdrLine>PLQ3 437161</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
Book a demo