How to top up your Wise account and get PHP account details in the Philippines
You can now fund your Wise account and Wise card transactions instantly via bank transfers or e-wallets and get your own personal PHP account details to...
Wise Business launches in the Philippines: Empowering MSMEs to Scale Globally
Wise has launched Wise Business in the Philippines, offering a comprehensive solution that enables Filipino MSMEs to pay and get paid globally, manage 40+ currencies, and expand internationally with ease.
This innovation addresses a critical need: simplifying global expansion for Filipino businesses by offering streamlined and accessible tools to manage cross-border transactions.
What sets Wise Business apart? It is the first multi-currency business account in the Philippines to offer 40 currencies. With Wise Business, Filipino entrepreneurs can receive payments from around the world, choose the ideal time to convert funds, and use their Wise business debit card to spend money locally in over 150 countries at mid-market exchange rates.
This enables Filipino businesses to expand their global operations with fewer barriers and significantly lower costs.
Why is Wise Business unique?
1. Receive payments from anywhere
With Wise Business, Filipino MSMEs can receive payments from overseas in 24 currencies. What does this mean?
With a one-time fee of 1,400 PHP, you can get paid locally in 10 major currencies including USD, EUR, GBP, and SGD. Simply share your US routing number, EUR IBAN, and more to receive payments from international clients quickly with zero fees.
You can also receive payments in 14 additional currencies such as JPY and CNY via SWIFT, with full transparency on fees.
2. Send money at mid-market exchange rates
Make international payments to suppliers and staff at the mid-market exchange rate (the same rate you see on Google) without hidden markups.
Businesses always know exactly how much they're sending and when the payment will arrive. Speed is a highlight: over 70% of all Wise payments arrive instantly within 20 seconds.
3. Spend globally with Wise Business card
Business owners and their employees can make purchases online and in-store with the Wise Business debit card in over 150 countries with no foreign transaction fees. They can request for physical and digital cards, set spending limits for team members, and track expenses in real-time, ensuring more efficient financial management.
4. Streamline Your Operations
Connect with accounting software like Xero and QuickBooks, create and track professional invoices for free, and pay up to 1,000 suppliers or employees at once without hassle.
5. Transparency as a Priority
At Wise, all fees are transparently displayed, with no hidden charges or inflated exchange rates. This ensures that Filipino MSMEs always know exactly how much they'll spend or receive .
6. Strategic currency conversion
Foreign currencies can be converted into Philippine Pesos (PHP) with transparent and competitive rates, displayed in real-time via the app. Set up exchange rate alerts to convert when rates are favorable, or use auto-conversions to automatically convert at your desired rate, saving you time and money.
A Market Ready to Grow
According to research commissioned by Wise¹, two-thirds of Filipino MSMEs expect their cross-border transaction volume to increase in the next six months. However, many still face challenges like slow transactions, high fees and poor exchange rates.
Wise Business is a direct response to these challenges, offering an accessible, efficient, and transparent alternative for Filipino MSMEs looking to expand globally.
Why Choose Wise Business?
Wise Business solves the main obstacles microbusinesses face — such as high costs, lack of transparency, and slow processes. This enables business owners, and entrepreneurs to focus on growing their businesses while simplifying their international financial operations.
If you’re a micro-entrepreneur dreaming of global expansion, Wise Business offers everything you need in one place. It’s more than an account; it’s the key to accessing new markets.
How much does it cost to open a Wise Business Account?
Opening your Wise Business account is completely free, with no minimum balance or monthly subscription fees. There’s a one-time fee of 1,400 PHP to access domestic account details in 10 major currencies including USD, EUR, GBP, and SGD, which includes one physical card and 3 digital cards per employee.
The account opening process is fully digital – no paper forms or branch visits required.
Ready to transform your financial management and take your Filipino business global? Discover Wise Business today and join the thousands of businesses already saving money and time on their international payments.
Sign up for a Wise Business account here
Footnotes
- ¹Research by Censuswide, among a sample of 200 Middle management, with finance responsibilities in organisations with fewer than 50 employees in the Philippines. The data was collected between August 4-8, 2025.
Money without borders
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