Money transfer platform Wise has introduced a way for users to get paid through sharing a QR code. The new Quick Pay option provides a unique link and QR code through which users can receive payments again and again, without needing to update or reshare it. The firm’s website noted: “Customers can use it to […]
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Is Wise a Bank? Short answer: no, it is not. The company does not hold a UK banking licence and balances are not protected by the Financial Services Compensation Scheme (FSCS). Long answer: Wise is not a bank as it does not lend out customer deposits to third parties. It is primarily a low-cost international
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