Thailand’s financial technology landscape continues to witness significant advancements. In a recent development, T2P Co., Ltd., a prominent payment solution provider in Thailand, has announced a strategic partnership with Wise Platform. This collaboration marks a significant milestone for T2P, making it the first fintech company in Thailand to offer international money transfers without exchange rate mark-ups or hidden fees through its popular e-wallet app, DeepPocket.
Enhanced Global Money Transfer Options
By leveraging the infrastructure provided by Wise Platform, DeepPocket users can now conveniently transfer funds to 16 different currencies, including USD, GBP, EUR, and AUD. The collaboration aims to provide users with swift and transparent cross-border money transfer services.
Seamless User Experience on Wise Platform
One of the key advantages of this partnership is the speed at which transactions are completed. More than 60% of global transfers facilitated by Wise are processed in less than 20 seconds, significantly enhancing the convenience and efficiency for DeepPocket users. The service is now accessible to all DeepPocket users, ensuring a seamless and user-friendly experience.
Eliminating Hidden Fees and Exchange Rate Mark-ups
T2P’s alliance with Wise Platform ensures that DeepPocket users can enjoy international transfers at the mid-market rate, without any hidden fees or unfavorable exchange rate mark-ups. This transparent approach empowers users to make cost-effective transactions, providing them with greater control over their financial resources.
Empowering Seamless Payments
Taweechai Pureetip, CEO of T2P, expressed the company’s commitment to empowering users with seamless, convenient, and fast payments. The partnership with Wise Platform allows T2P to bring this vision to life, enabling DeepPocket users to access cheaper and faster international payments within the app. The collaboration not only enhances the convenience for users but also offers a more affordable and transparent alternative for cross-border transactions.
Catering to Growing Demand
Samarth Bansal, General Manager, APAC at Wise Platform, highlighted the growing demand for faster and affordable international transfers in Thailand. With the digital remittances market projected to grow by 5.71% in Thailand, there is an increasing need for efficient cross-border money transfer solutions. Through this partnership with T2P, Wise Platform aims to meet this demand and revolutionize the cross-border payments landscape in Thailand.
Future Outlook
The collaboration between T2P and Wise Platform represents a significant stride in the evolution of the fintech industry in Thailand. By leveraging Wise’s robust infrastructure, T2P can offer DeepPocket users a seamless and cost-effective solution for global money transfers. This partnership aligns with the broader objectives of enhancing financial inclusion, convenience, and transparency in Thailand’s digital payment ecosystem.
Also Read: Wise Faces Licensing Hurdles: Discontinues E-Wallet Services in Indonesia
T2P’s partnership with Wise Platform to provide global money transfer capabilities for DeepPocket users reflects the increasing integration of technology and financial services in Thailand. By offering transparent and efficient cross-border payment options, this collaboration brings convenience and affordability to users, further fueling the growth of the fintech sector in Thailand. As the industry continues to evolve, collaborations like these pave the way for innovative solutions that revolutionize the way people send and receive money globally.
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