In today's interconnected world, the need for efficient and cost-effective cross border transfers has become increased by leaps and bounds. With the rise of globalisation, businesses and individuals are seeking reliable platforms to facilitate inward remittance and simplify international payments. In this deck, we will compare Salt and Wise, two fintech services that can help you with business-related cross border transfers, so you can pick whichever suits your requirements best! Read more about it here- https://www.salt.pe/blog/wise-alternative Salt is a fintech startup based out of Bangalore, helping businesses thrive in the international market with effortless international payments and the compliances. Read more about Salt here: https://www.salt.pe

1. How Is Salt Different From
Wise?
www.salt.pe
SALT-VS-WISE

2. www.salt.pe
What is
Wise
Founded in 2010, Wise is an online platform
that allows individuals and businesses to
send and receive money across borders,
using a P2P model.

3. www.salt.pe
P2P Model
Wise’s peer-to-peer model matches users who want to convert
their money with those with the opposite currency needs. This
approach helps eliminate traditional banking fees and provides
competitive exchange rates.

4. www.salt.pe
SALT is an Indian fintech startup that aims to
solve two major problems faced by
businesses while carrying out international
money transfers:
Time it takes for the remittance to reach you.
The associated compliances.
What is
SALT

5. www.salt.pe
Fees: Salt vs Wise
Salt applies a consistent 1.75% flat rate, which includes GST and applies
to all currency pairs. This appeals to individuals or businesses who prior-
itize transparency and dislike unexpected fee-related surprises.
Salt also distinguishes itself by readily providing clients with
fee-related invoices upon request.

6. www.salt.pe
Wise takes a varied approach to fees - calculating it on the basis of
currency pairs. While this may be advantageous for some users, it
complicates overall financial calculations for frequent users.
Fees: Salt vs Wise

7. www.salt.pe
eFIRC: A Certificate required for Indian
businesses carrying out inward remittances
1.
2
Salt: Provides FREE eFIRC
generation
Wise: Charges a fee for eFIRC
issuance.
FIRC

8. www.salt.pe
2
Salt:Offers fully automated settlements
into your INR account.
Wise: Does not offer any an outright automated
settlement process for INR accounts, resulting in
more manual steps.
SETTLEMENTS

9. To Sum Up:
www.salt.pe

10. www.salt.pe
Salt Fintech streamlines cross-border transfers and inward
remittances. Backed by six currencies and virtual local accounts, we
facilitate prompt INR payments.
While Wise may suit certain users’ needs, Salt offers transparency,
services, and convenience, making it a compelling choice.