What does Wise app do

Wise (formerly TransferWise) is a digital money transfer service that lets you send, receive, and hold multiple currencies through a multi-currency account. It converts funds at the mid-market exchange rate and charges a transparent transfer fee, making it a popular choice for individuals and businesses moving money internationally. Wise also offers a debit card linked to your account balance.

For Indian freelancers and exporters receiving payments from overseas clients, however, Wise overview reveals some limitations, including restrictions on direct INR payouts in certain corridors and slower settlement times compared to specialized platforms. Skydo is an RBI-authorised alternative built specifically for Indian exporters and freelancers, offering faster transfers, zero fees on forex margins, and full regulatory compliance for receiving international payments directly into your Indian bank account.