UniCredit Picks Wise to Handle FX Payments in Latest Retail Push

UniCredit SpA will use Wise Plc’s payments platform to offer currency transfers as part of its push to capture more retail banking customers across Europe.

The Milan-based lender will integrate Wise’s technology in the coming weeks and is aiming to make it available to all of its European retail clients by 2027. The partnership comes after the lender launched a review and found it had “shortcomings” in its mobile banking payments offerings, according to Raphael Barisaac, UniCredit’s global head of payments and cash management.