Wise receives SARB conditional approval for South Africa operations
Wise issued Category 2 Authorised Dealer in Foreign Exchange with Limited Authority conditional approval affecting South African Reserve Bank (SARB) on December 1, 2025.
- Primary
- Wise
- Counterparty
- South African Reserve Bank (SARB)
- Structure
- Category 2 Authorised Dealer in Foreign Exchange with Limited Authority conditional approval
- Date
- December 1, 2025
- Sub-sector
- Payments
Wise gains regulatory foothold in Africa's largest cross-border payments hub, enabling money transfer services to South African consumers.
Source: thesouthafrican.com