What does Wise do

Wise (formerly TransferWise) is a global money transfer service that allows individuals and businesses to send and receive payments internationally at the mid-market exchange rate with transparent fees. It supports multi-currency accounts, debit cards, and batch payments, making it a popular choice for freelancers and businesses managing cross-border transactions. You can explore more details in this Wise overview to understand how it compares with other platforms.

For Indian exporters and freelancers specifically, Skydo offers an RBI-authorised alternative that is typically faster and more cost-effective for receiving international payments. While Wise works well for outbound transfers and multi-currency management, Skydo is purpose-built for inbound foreign payments to India, with competitive forex rates, zero receiving fees, and dedicated support for compliance and documentation.