Wise, the global company building the best way to move and manage money around the world, has announced a new hub in Hyderabad and plans to hire hundreds of roles over the next few years.
SK Saraogi, APAC Head of Expansion at Wise, noted on April 10 that the
company is deepening its roots in India. "Our investment in Hyderabad is
part of Wise's broader mission to transform the 32 trillion-pound
international money movement market and will be central to accelerating
our ability to make moving money faster, cheaper, and more convenient
for millions of customers across the world," he said.
Wise's Asia-Pacific Head of Engineering, Smrithi Ravi, will relocate from Wise's regional hub in Singapore to lead the new Hyderabad hub. Due to open in 2H25, this hub will host core regional teams across Product, Engineering, Servicing Operations initially, with future plans to expand to host global product development and operations.
Ravi's
team in Singapore is also responsible for building features localised to customers’
needs across the region. One such example is the new international
account details feature for Indian businesses. These businesses can now
use Wise to receive payments from abroad in multiple currencies.
According to Benori Knowledge, high transaction fees (40%), non-transparent pricing (37%), and complicated processes (31%) were top challenges for businesses in India who receive payments from abroad. The new feature from Wise simplifies this process for receiving international payments:
- Businesses get free international account details in 8 major currencies on Wise: the US dollar, British pound, Euro, Australian dollar, Singapore dollar,
New Zealand dollar, Canadian dollar, and Hungarian forints.
- Clients can pay using these details like they would to any local account
- Wise automatically converts the foreign currency to INR at the mid-market rate and sends it to their linked business’ account in India
- Money is processed in under 90 minutes during business hours with automatic eFIRC delivery via email. A foreign inward remittance certificate (FIRC) or a foreign Inward Remittance Advice (FIRA) is proof of a foreign transfer to India.
Ravi said: "India's tech talent ecosystem is world-class, and I'm excited to return home to lead Wise's newest full stack hub in Hyderabad. The teams in Hyderabad will play a crucial role in Wise's global infrastructure and product development. I’ll be looking for people who are passionate about building products that have a real impact on customers and who are self-starters looking to solve some of the most complex problems in international money movement. Our new international account details feature is the perfect example of how we build products from a deep understanding of the local customer experience."
Wise first started powering payments for India’s diaspora in 2013.
Today, about 10% of all the money sent from abroad to India is done so
on Wise*. Wise’s customers in India can send up to US$250,000 abroad -
the maximum amount allowed under the Liberalised Remittance Scheme (LRS) - under its own AD-II licence.
Explore
Ask about joining Wise in India at https://join.smartrecruiters.com/Wise/b4b4a8d8-4fcd-4c5a-933e-b2a387a5698d-wise-india-talent-community-2025
*The Reserve Bank of India tracks the inflow of rupees into the country, and estimates it to be about US$100 B.
