Verified provider profile

Wise

Wise is a UK (outside the EU/EEA) fintech-infrastructure provider (IBAN sponsor, BaaS, Cross-border payments / FX). Verified at source - licence, regulator and registry reference. Active

UK · UK / BelgiumEEA data: PartialLicence: EMIVerified at source 2026-07-19
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Who it's for

Wise is built for products that need customer accounts and IBANs issued under the provider's licence. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds. Verified stand-outs: local IBANs in BE, GB; published entry pricing (no monthly fee; FX from 0.33%).

Sovereignty profile

  • Data residency (EEA): Partial - partly in the EEA - check the rail
  • Company origin: UK (UK / Belgium)
  • Ownership / control: no change of control on record
  • Local IBANs: BE; GB
  • Client funds: safeguarded (segregated at a credit institution) - ring-fenced from creditors, not deposit-guaranteed

What Wise does

IBAN sponsorBaaSCross-border payments / FX

Capabilities & rails

  • Payment rails (documented): SCT · SCT Inst · FPS
  • Account model: Dedicated
  • Account currencies: EUR; GBP; USD
  • Entry price: no monthly fee; FX from 0.33% (as of verification - confirm at source)

Verified licence profile

Wise (ex-TransferWise; London HQ, LSE-listed; Estonian founders). Wise Europe SA = EMI National Bank of Belgium (EEA) + UK FCA. Multi-currency accounts + local account details/IBANs; Wise Platform = accounts/FX/payments infrastructure for banks & fintechs.

Verified 2026-07-19. How we verify → · Official website: wise.com · Spotted something out of date? Report a correction.

Official register entries

  • Payment institution (PI) - National Bank of Belgium · Ref 0713629988 · Active (EBA PSD2 register, as of 2026-09-18)
  • E-money institution (EMI) - Financial Conduct Authority (FCA) · Ref 900507 · Active (FCA Financial Services Register, as of 2026-09-18)

Register-sourced. See the full European Fintech Index. Registers have no legal significance - always confirm current status with the home regulator.

Timeline

  • 2021-07 [status] Direct listing on the London Stock Exchange

European alternatives to Wise

Full list: Wise alternatives →

  • ECOMMBX EU core EMI Cyprus · EEA: YesShared: IBAN sponsor, BaaS, Cross-border payments / FX, Accounts: Dedicated, Local IBANs
  • Genome EU core EMI Lithuania · EEA: YesShared: BaaS, IBAN sponsor, Cross-border payments / FX, Accounts: Dedicated, Local IBANs
  • Nexpay EU core EMI Lithuania · EEA: YesShared: BaaS, IBAN sponsor, Cross-border payments / FX, Accounts: Dedicated, Local IBANs
  • Paysera EU core EMI Lithuania · EEA: YesShared: BaaS, IBAN sponsor, Cross-border payments / FX, Accounts: Dedicated, Local IBANs
  • Bankera EU core EMI Lithuania · EEA: YesShared: BaaS, IBAN sponsor, Accounts: Dedicated, Local IBANs
  • Banking Circle EU core Bank Luxembourg · EEA: YesShared: BaaS, IBAN sponsor, Cross-border payments / FX, Local IBANs

Side-by-side

Wise vs Banking Circle

Verified facts in one table - licence, residency, rails. No verdict.

FAQ

Is Wise European / EEA-based?

Partly. Wise is UK origin (UK / Belgium); part of its rail or data sits outside the EEA - check the licence profile.

What does Wise do?

Wise covers: IBAN sponsor, BaaS, Cross-border payments / FX. Verified at source by Fintechnologica.

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