Itaú Unibanco announces that its customers will now be able to send and make payments in foreign currency instantly and directly through the Itaú app.
The goal is to deliver an even more complete solution for its customers, who already have currency reserves through the app and an international account.
The new solution will allow customers to make international payments or send money in the same way and with the same simplicity as Pix, at any time of the day, every day of the week, overcoming business hours restrictions. In addition, the entire process can be monitored in real time, with transparency and visibility over each stage of the transaction.
“Over the past few years, we have evolved our foreign exchange solutions for tourists, offering currency exchange reservations directly through the app and withdrawal at our branches or 24-hour ATMs. We launched the international account and expanded the benefits of points on our credit cards, and now we have evolved in international remittances. People need to send money abroad, whether to make a payment or to send money to a child who is on an exchange program, for example. To meet this need, we believe that sending money abroad should be as easy and fluid as Pix and directly in the Itaú app,” says Gabriel Rombenso, Superintendent of Products and Corporate Sales at Itaú Unibanco.
Initially, it will be possible to send and pay instantly in Euros and Pound Sterling for transactions under the same holder. The aim is to offer 12 additional currencies, including US dollars, Canadian dollars, Australian dollars, Japanese yen, and New Zealand dollars, by the end of 2025.
"The partnership with Itaú, is a true testament to how banks can deliver better cross-border payments experiences to their customers at scale by leveraging the capabilities of Wise Platform. Itaú shares our strong vision of improving cross-border money movement and we are excited to work with them to make cross-border payments - fast, transparent, affordable and convenient - a core element of their service," said Steve Naudé, Global Managing Director of Wise Platform.
With this initiative, Itaú Unibanco advances its innovation strategy and reaffirms its commitment to placing the customer at the center of the journey, offering solutions that combine cutting-edge technology with the solidity and trust of a leading institution in the Brazilian financial market.