Morgan Stanley Partners with Wise for Cross-Border Payment Services-March 2024-www.financetom.com

Morgan Stanley Partners with Wise for Cross-Border Payment Services

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Morgan Stanley Partners with Wise for Cross-Border Payment Services

Dec 17, 2024 5:43 AM

08:27 AM EST, 12/17/2024 (MT Newswires) -- Morgan Stanley ( MS ) has selected payments platform Wise to support foreign exchange settlement services for corporate clients, enabling faster cross-border payments, Wise said Tuesday.

Financial terms were not provided.

Wise said this marks the first time an investment bank has integrated the Wise Platform for corporate payment capabilities.

Morgan Stanley ( MS ) will use Wise's technology to streamline international settlements and reduce implementation times for its corporate customers, the company said.

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