MBSB Bank now lets you transfer money overseas in 20 currencies, powered by Wise

ID: 29639
Status: summarized
Published: 29 Sep 2026, 10:16 AM
Fetched: 29 Sep 2026, 11:20 AM
Provider: SoyaCincau
Category: malaysia-tech
Original URL: https://soyacincau.com/2026/09/29/mbsb-bank-now-lets-you-transfer-money-overseas-in-20-currencies-powered-by-wise/
Source URL: https://soyacincau.com/feed/

Summary

Score: 5.5
Created: 29 Sep 2026, 11:20 AM
Tags: malaysia fintech payments remittance wise-platform digital-banking
Audience: foundersdevelopers

What happened

MBSB Bank expanded its cross-border transfer feature, Global Easy Transfer (GET), inside the MJourney app and web portal from 12 to 20 foreign currencies, built on Wise Platform, with a per-day transfer limit of RM150,000 and real-time tracking plus upfront cost disclosure showing the exact recipient amount. New corridors added include Vietnam, Canada and the UAE, alongside continued heavy demand on AUD and GBP. MBSB reports GET transaction volume up 250% in 2026 versus 2025, daily active unique users more than doubled, and a repeat transaction rate above 90%, with family support and monthly living expenses the largest transaction category.

Why it matters

This is a bank white-labelling Wise's cross-border rails into a consumer app at a RM150,000/day cap — high enough to cover most Malaysian SMB supplier payments, not just tuition and family remittances. If you currently route payouts or overseas billing through a standalone remittance provider, GET is now a directly comparable option for the 20 listed corridors, and the disclosed 'exact amount recipient receives' means you can benchmark your current provider's all-in cost on the same terms. Note the article gives no fee percentages or FX spreads, so the cost comparison has to be done yourself inside the app before deciding.

Discussion angle

Wise Platform embedding into a Malaysian bank rather than competing with it — is 'bank app as distribution channel for payment APIs' a route local fintech and SaaS founders should copy, or does it just hand the customer relationship to the bank?