Sending money overseas used to mean endless paperwork, long branch visits, and waiting several frustrating days for funds to clear. Today, digital banking consumers expect a completely different standard. They want speed, total cost transparency, and real-time tracking right from their smartphones. MBSB Bank is addressing this increasing need for its Malaysian customers through a powerful technological collaboration. By teaming up with Wise Platform, MBSB Bank has supercharged its Global Easy Transfer solution, widely known as GET. This technical integration brings world-class cross-border financial technology straight into the bank’s digital banking ecosystem.
At its core, GET operates as Malaysia’s only bank-backed international transfer solution powered by Wise. Wise Platform delivers this capability by utilizing a single global technology stack, 24/7 operational reliability, and a network featuring direct access into domestic payment systems across multiple territories. Wise Platform powers international payments across more than 200 countries and territories while supporting over 110 currencies. Backed by over 80 regulatory licenses worldwide, this robust infrastructure allows traditional financial institutions to scale their global payment solutions smoothly. By embedding this sophisticated technology stack directly into MBSB Bank’s MJourney mobile app and web platform, the bank bridges traditional Islamic banking with modern fintech innovation.
This technical foundation allows users to transfer up to RM150,000 daily with incredible ease. Customers benefit from competitive foreign exchange rates where all fees are disclosed upfront before a single ringgit leaves the account. Furthermore, real-time tracking provides complete visibility. Users can monitor their money and see exactly where it is at every single stage of the transfer journey.
The technology is already making massive waves among everyday users. Based on recent performance data, the platform’s transaction volumes surged by a staggering 250% in 2026 compared to the previous year. Average daily activity shows that the number of unique users has more than doubled. Even more impressive is the repeat transaction rate, which sits consistently at over 90 percent. This high retention rate proves that customers trust the seamless digital experience for their regular financial commitments. Malaysians are using the platform for practical, everyday needs like supporting family members abroad, paying university tuition fees, purchasing goods, and managing overseas savings.
To keep pace with this growing demand, MBSB Bank recently expanded the platform’s currency support from 12 to 20 different destinations. New currency corridors like Vietnam, Canada, and the United Arab Emirates join established favourites like the Australian Dollar and British Pound. This wider currency coverage makes it easier for customers to handle complex international commitments, from educational expenses to cross-border business payments, all through a single digital touchpoint.
Rafe Haneef, Group Chief Executive Officer of MBSB Berhad, noted that international money transfers have evolved into an immediate digital experience. He highlighted that the strong growth of GET reflects this structural shift toward simpler and clearer cross-border services. Usman Ghouse, Group Chief Consumer Banking Officer, emphasised that the platform is engineered around what customers value most, combining speed, transparency, and visibility within a unified interface. Samarth Bansal, APAC General Manager at Wise Platform, added that the strong adoption numbers demonstrate a clear demand from Malaysians for fast and transparent international payments, praising the expanding partnership.
