Wise vs Niyo
Wise: Mid-market-rate FX; 16M+ customers.
Niyo: Zero-forex travel banking for Indians.
Side by side
| Wise | Niyo | |
|---|---|---|
| Category | traditional | traditional |
| Audience | travel | travel |
| HQ | London, UK | Bengaluru, IN |
| Founded | 2011 | 2015 |
| Custody | Custodial | Custodial |
| Regulation | E-money institution | Unclassified |
| Licence detail | E-money/payment licences globally | — |
| Card | Visa/MC · Debit | Visa · Debit + forex |
| Cashback | — | — |
| Yield | Interest on balances (region) | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | Europe, North America, Asia, Oceania, Latin America, Africa, MENA | Asia |
| Reported users | 19M customers (FY26) | — |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.