Wise hiring in India, rolls out international account feature

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. 

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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.

Instarem brings recurring transfers to Singapore

Instarem, a global digital cross-border payments company, has introduced recurring transfers to the Singapore market, providing convenience, time savings and a hassle-free experience.

Users can personalise their payment schedules to align with their preferences, choosing between weekly or monthly payments. Additionally, users can easily modify, pause, or cancel scheduled payments at any time.

Scheduling these transfers can conveniently be achieved through the transaction history, or immediately after the initial transaction. Users can further expedite scheduled transfers by linking their bank account to their Instarem account.

Instarem said it guarantees the best currency rates available within the 24 hours before each transfer. 

Yogesh Sangle, Head of Instarem, shared: "We are dedicated to continuous improvements for our customers in Singapore who transacted close to US$350 million in remittances in 2023 alone. We have witnessed our diverse base of users here, from expatriates to foreign workers, who all rely on Instarem for crucial financial transactions, be it family support, loan repayments, education, savings and investments. To streamline these financial decisions, we are proud to introduce recurring payments, offering time-saving convenience while ensuring users retain the advantage of the best currency rates."

Existing users can immediately access this feature by signing into their accounts, while new users can easily utilise it by downloading the app or signing up on the Instarem website.

Warrior Forum launches e-marketplace that taps on existing members' reach

Warrior Forum, an Internet marketing community and marketplace, has launched Warrior Payments, an all-in-one payments, analytics, affiliate marketing and distribution platform which the company hopes will transform the way people sell products and services online.

Matt Barrie, Chief Executive of Freelancer.com, which acquired Warrior Forum in April 2014, said, "If you are an entrepreneur or startup, and trying to figure out how to launch your product or sell your product or service online, then Warrior Forum is the #1 platform to help you do this."

Warrior Payments integrates payment processing*, online product delivery, analytics, affiliate marketing and distribution. It handles customer management, customer feedback, and connects with preferred mailing list services like MailChimp and AWeber to automatically add customers who purchase a product to the seller's email lists. Warrior Payments also allows sellers to provide special limited time offers to create a sense of urgency around a product launch.

Barrie added that every product or service listed in the Warrior Forum marketplace can be sold via Warrior's existing network of over 780,000 Internet marketers, who can now request a payments link to sell the item.

The new feature comes with detailed analytics on how these products and services are selling, including which products are best-sellers or have the highest margins. Warrior says that this means marketers can weigh how successful a product is even before taking it on. 

Alaister Low, Warrior Forum Director, said, "Warrior Forum is the home of the world's top Internet marketing experts and entrepreneurs, like Noah Kagan (#30 Facebook.com, #4 Mint.com & Chief Sumo, App Sumo) and Matt Bacak (2010 Internet Marketer of the Year). Warrior Payments will flip the traditional world of sales inside out by exposing the analytics of how things are selling in real time and it will turn the power of the Warrior Community's 780,000 experts into your very own sales force selling your own product or service. Without a doubt, Warrior Payments will redefine the way people sell products or services online."

To celebrate the launch of Warrior Payments, Warrior Forum is launching a competition, giving away US$20,000 in cash. The top seller on the platform will take home US$10,000 and the title of 2014 Warrior Internet Marketer of the Year, and the top affiliate marketer will also take home US$10,000 cash and the title of 2014 Warrior Affiliate Marketer of the Year. Competition details can be found at www.warriorforum.com.

*Warrior Payments charges a 2% flat fee.