The South African Reserve Bank has appointed Wise Payments South Africa Pty Ltd as a Category Two Authorised Dealer in foreign exchange with limited authority and added the company to its Currency and Exchanges Manual for Authorised Dealers. The appointment permits Wise Payments South Africa to conduct travel related transactions, process certain transactions under the single discretionary allowance of ZAR 2 million per applicant per calendar year and offer money remittance services in partnership with external money transfer operators.
South African Reserve Bank appoints Wise Payments South Africa as a Category Two foreign exchange dealer with limited authority
The South African Reserve Bank has appointed Wise Payments South Africa as a Category Two Authorised Dealer in foreign exchange with limited authority. The appointment covers travel related transactions, certain transactions within the ZAR 2 million single discretionary allowance and money remittance services offered with external operators.