How does Wise work in India

Wise operates in India as a money transfer service that allows users to send and receive international payments using the mid-market exchange rate. When you use Wise, your funds are held in local bank accounts in different countries, and the platform matches your transfer with someone sending money in the opposite direction, avoiding traditional international wire fees. You can compare Wise overview details to understand its full fee structure and transfer timelines for Indian users.

However, Wise has limitations for Indian freelancers and exporters receiving payments, as inbound transfers to India face regulatory restrictions and higher costs. Skydo offers a more streamlined alternative as an RBI-authorised platform built specifically for Indians receiving export and freelance income, with faster processing, transparent pricing, and compliance built in from the ground up.