MBSB Bank, a Malaysian financial institution, has partnered with UK-based money transfer company Wise to introduce Global Easy Transfer (GET), an international remittance service leveraging Wise Platform for real-time cross-border payments.
Through this collaboration, MBSB Bank becomes the first Malaysian bank to integrate with Wise Platform, Wise’s global payments infrastructure. The GET service enables customers to transfer money internationally in real-time across more than 12 currencies, including USD, GBP, EUR, SGD, IDR, and AUD. The service is directly integrated into MBSB’s retail banking application, M Journey, with technical support from fintech partner ECS Fin, allowing customers to transfer up to RM 100,000 (approximately $24,000) daily.
MBSB Bank stated that “GET is engineered to eliminate the long-standing pain points faced by Malaysians: concealed charges, high latency, vague exchange rates, and lack of visibility.” Samarth Bansal, APAC general manager at Wise Platform, noted that this new cross-border payments offering will enable “at least 22 million individuals in Malaysia to send money in a fast, secure, transparent, and convenient way.” Bansal added, “With local payments in Malaysia and other parts of Asia Pacific being instant, customers now expect the same from cross-border transfers.”
The multi-country remittance project for MBSB Bank is being led by Group CEO Rafe Haneef, who assumed the role in July 2024. This initiative follows the approximately $240 million merger between MBSB Bank, formerly Malaysia Building Society Berhad, and Malaysian Industrial Development Finance Bhd (MIDF) in late 2023. The GET service was launched on September 25, 2025.