8 tips on sending money from China with Wise
Here are our top tips and potential pitfalls when sending money from China* using Wise. This service is provided in partnership with a third party payment...
Transfers to Colombian peso (COP) have been one of the most requested routes during the past 12 months. Our customers asked for it and we listened! But, did you know that Wise used to offer transfers to COP?
We launched COP for the first time in October 2015. It rapidly became a popular currency and we helped people save money from hidden fees. However, the service we were offering didn’t meet our standards: it was slow, it still was a bit expensive, and it required paperwork from the recipient to get the money released to their account. It wasn’t ideal for our customers and, therefore, we decided to close the route in May 2017.
Since then, we’ve been working on a solid product for our customers. We wanted to save people’s money while providing a fast, convenient and transparent experience - and now we are ready. Thus, we’re happy to announce the relaunch of transfers to COP! 🚀
Let’s have a look at them!
This time the process of sending money to Colombia is easier, and it doesn’t require any work from the recipient side. This is what you need to know:
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Then, the process itself isn’t much different than with any other currency, allowing you to send money from both the Wise site and app. You can transfer money in 4 simple steps:
Despite improving the experience of transferring Colombian peso, we acknowledge that we still have a lot to do to achieve Wise Mission Zero. Hence, our LatAm Team will keep putting their best foot forward for you, to improve transfer limits, reach more recipients, and lower fees.
Our mission continues. Onwards!
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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