@Pepijn
As a resident of Brazil, you cannot open an account with any European banking service provider. This makes all transfers to Brazil very expensive.
Only Wise offers account opening in Brazil in accordance with government financial regulations.
Incidentally, the majority of shares are not held by American shareholders, and the shares are only traded in London.

@Pepijn

Since 2021 Wise plc (ISIN: GB00BL9YR756) is listed and traded on the London Stock Exchange."
Wise is not a US-dominated company. The largest single shareholder is anonymous, and while US investors like Andreessen Horowitz hold significant but non-majority stakes, the majority of shares are widely distributed. Control remains with the founders and European investors.

@Pepijn
Wise is not an American bank—it’s a UK-based FinTech company, founded and headquartered in London. While it partners with US banks (like Wells Fargo) to offer local account details for USD transactions, Wise itself is regulated in Europe (by the National Bank of Belgium) and operates globally as a payment institution, not a traditional bank. Always transparent about fees and exchange rates!

@Pepijn
I'm just talking about my experience. Nothing more. And everything is true.

And if we're honest, we know that (almost) all banks earn a lot of money with our money.
And compared to PayPal, Wise is always the better partner.
If #Wero continues to gain momentum in Europe, a lot can change. But only in Europe. (Like PIX in Brazil).

@Pepijn @CiaraNi
Since rebranding from Transferwise to Wise, they’ve significantly improved transparency—fees and exchange rates are now clearly broken down upfront. My experience with international transfers has been consistently positive: fair, fast, and no hidden costs. Anyone else noticed this change? Or have counterexamples? #Finance #Wise #Transparency

@Pepijn @CiaraNi
It is cheaper to transfer money to Brazil with Wise. Even when I transfer euros, the exchange rate to Brazilian real is more favorable there. Please note: From Wise to Wise.
And transferring money to your own Brazilian account there is free of charge. But only with the local currency.
This is not advertising, but fact.

@Pepijn @CiaraNi
I had the advantage of not having to "believe" Wise's advertising. I had concrete data from my bank for money transfers to Brazil.
And these were and still are not competitive with Wise. Exchange rates and fees are a good 50% cheaper.
Yes, and I get 1.76% interest on my euros every day.
No one has to use it. But it's European and I love it.

@Pepijn @VQuaschning
@oldrup

Euro transfers with Wise are always free, with no bank fees and even interest on your balance. It’s the cheapest option for transactions to Brazil, handling all taxes. In Brazil, users earn 10% interest on their credit balance (taxes are paid directly to authorities).
As I said, it depends on your personal commitment.

@Pepijn @CiaraNi @JohanEmpa @oldrup

I have been using Wise for more than two years for international payments, e.g., to Brazil.
Neither PayPal, my bank, nor Banco do Brasil, for example, can compete with it.
Exchange rates and fees are significantly cheaper.
Payments within Europe in euros cost nothing. No fees, nothing. And it's all in real time.
I even get really good daily interest on my credit balance, which many banks don't offer.
So, for me, it's the best choice.

@CiaraNi @JohanEmpa @oldrup

I use #wise instead PayPal.
https://wise.com/ ️