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Payments Firm Wise Seeks US National Trust Bank Charter to Access Fed Payments

Payments Firm Wise Seeks US National Trust Bank Charter to Access Fed Payments

Bloomberga day ago
By , Yizhu Wang, and Emily Mason
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Wise Plc wants to create a national trust bank in the US, in the latest sign of its growing focus on America as it works on moving its main share listing to the country.
The London-headquartered payments firm filed its application to be directly regulated by the US's Office of the Comptroller of the Currency on June 16, documents show. Its US hub will be in Austin, Texas, where the firm already has some 450 staff.
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