MBSB Bank Now Lets Customers Transfer Money Overseas in 20 Currencies, Powered by Wise

SINGAPORE, 29 SEPTEMBER 2026 —

MBSB Bank Doubles Cross-Border Currency Support to 20 as Global Easy Transfer Surges 250% in 2026

MBSB Bank has expanded its Global Easy Transfer (GET) service to support 20 currencies via its MJourney digital platform, doubling its previous offering and reflecting a 250% year-on-year increase in transaction volume in 2026. The upgrade, powered by Wise Platform, targets Malaysia’s growing demand for seamless international remittances, with family support and commercial payments now driving the majority of cross-border flows.

The move shows a broader shift in Malaysian remittance behavior, where digital, repeat transactions have overtaken traditional, one-off transfers. MBSB’s data shows daily active users of GET more than doubled in the past year, with a repeat transaction rate exceeding 90%, indicating strong reliance on the platform for recurring payments. The bank’s leadership frames this as a response to evolving consumer needs, moving away from branch-based processes to real-time, transparent digital transfers.

The expansion introduces eight new currencies, including the Vietnamese dong (VND), Canadian dollar (CAD), and UAE dirham (AED), alongside continued strong demand for the Australian dollar (AUD) and British pound (GBP). The service now covers major markets such as the US dollar (USD), Singapore dollar (SGD), and Japanese yen (JPY), alongside regional currencies like the Thai baht (THB) and Indonesian rupiah (IDR).

Transfers via GET remain capped at RM150,000 per day, with features including live tracking, upfront FX rate disclosures, and no hidden fees, ensuring recipients receive the exact amount promised.

MBSB’s 250% transaction growth in 2026 aligns with shifting remittance patterns, where family support and monthly living expenses now account for the largest share of flows, followed by commercial purchases, salary remittances, and foreign savings.

The bank’s Group Chief Executive Officer Rafe Haneef described the shift as a transition from "physical branch visits and paperwork to an immediate digital experience", while Group Chief Consumer Banking Officer Usman Ghouse emphasized GET’s focus on "speed, transparency, and tracking through a single digital touchpoint."

Wise Platform’s APAC General Manager Samarth Bansal welcomed the partnership, stating the collaboration provides Malaysians with "direct access to transparent cross-border payment routes." The expansion follows MBSB’s brand campaign featuring Malaysian professional race car driver Leona Chin, titled GET Speeds Matter, which underscores the bank’s push to position GET as a high-speed, reliable solution for international payments.

Existing MBSB customers can access GET directly through the MJourney mobile app or internet banking portal, while new users can open accounts online via the bank’s official website. The service’s growth reflects broader trends in Malaysia’s digital banking sector, where cross-border transactions are increasingly integrated into daily financial routines, reducing reliance on traditional remittance channels.

With 90% of users returning for repeat transactions, GET’s success hinges on its ability to maintain low costs, real-time visibility, and expanded currency access—key factors in a market where family remittances and business payments dominate.

Related: MBSB Bank