Top Wise Business alternatives in South Asia [2026]
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Take a look at the top Wise Business alternatives for businesses in global trade
Key takeaways
- Wise Business is only available in India within South Asia, and even there it is receive-only, meaning businesses cannot send or hold funds.
- In Pakistan and Bangladesh, Wise supports personal accounts only¹
- Top Wise Business alternatives in India, Pakistan and Bangladesh include WorldFirst, Payoneer, Elevate Pay and Razorpay
- WorldFirst offers local currency accounts in 15+ currencies, zero receiving fees and access to multi-currency business payment cards
- Payoneer also offers a multi-currency account and cards, though fees vary by region and account type
- Elevate Pay offers only one local currency account in USD⁵
- Razorpay is an India-focused payment gateway with a multi-currency account that supports USD, GBP and EUR
Wise Business is only available in India within the region, and even then it only allows businesses to receive funds. Eligible businesses can collect funds in 8+ local currencies and convert them, but cannot send or hold funds.¹ A new receive funds request must be raised every time a payment is expected. SWIFT and wire payments in USD, GBP and EUR are charged up to US$6.11.² In Pakistan and Bangladesh, Wise supports personal accounts only–no business accounts at all.¹
For businesses that need the full set of cross-border payment capabilities including receive, hold, convert, send, spend, it may be worth it to take a closer look. This article covers the top Wise Business alternatives for businesses across India, Pakistan and Bangladesh.
1. WorldFirst
WorldFirst is designed for businesses operating across multiple currencies and regions. The World Account is a multi-currency account that supports 15+ major currencies, including USD, GBP, EUR, CNH, AUD and NZD. For each local currency account, you get a dedicated bank account number and bank code. You can use the bank details funds from e-commerce marketplaces, freelancer platforms, or from clients directly.
The account also comes with a multi-currency card, called the World Card, which supports card transactions in 150+ currencies. When you pay in any of 15 supported major currencies with sufficient balance held in that currency, there are fees.
| Key features |
|
|---|---|
| Main fees |
Monthly fee: Zero Opening virtual local currency accounts: Zero Receiving payments: Zero Holding funds in multiple currencies: Zero Sending payments to other World Account holders: Zero Sending payments: Standard payment fee for Pakistan and Bangladesh is 1.5% Paying 1688.com suppliers: Up to 0.8% currency conversion fee Getting a World Card: Zero for card issuance |
Fees checked in April 2026. Terms and Conditions Apply.
2. Payoneer
Payoneer is another international payment provider that offers multi-currency accounts and cards in South Asia. It allows businesses to send, receive and hold funds in multiple currencies. While there’s no charge for setting up an account, receiving payments can attract up to 3.2% fee and getting a single currency business card costs US$29.95.34
| Key features |
|
|---|---|
| Main fees³ |
Monthly fee: Zero Multi-currency account fee: Zero Receiving from Payoneer customers: Zero Receiving from non-Payoneer (credit card): Up to 3.2% + US$0.49 Sending to other Payoneer accounts (same country): Zero Sending to non-Payoneer accounts: 1%-4% of transaction amount Currency conversion: 1%-4% + exchange rate Business card: US$29.95 annual fee |
Fees checked in April 2026. Payoneer fees may vary by region and account type.
3. Elevate Pay
Elevate Pay is a payment provider offering local USD accounts for freelancers and businesses.⁵
There is no multi-currency support and no card.⁵
| Key features |
|
|---|---|
| Main fees⁵ |
Monthly fee: Zero USD account fee: Zero Receiving via ACH: Zero Receiving wire transfers: US$30 Outbound ACH: US$1 (1–3 business days); same-day ACH: US$2 International transfers (Pakistan and Bangladesh): FX rate + US$1.50 Currency conversion: Not specified; partner FX Business card: Not available |
Fees checked in April 2026.
4. Razorpay
| Key features |
|
|---|---|
| Main fees⁶ |
International card payments via payment gateway: 3% platform fee per transaction FX charges: Additional FX charges apply International bank transfers: 1% per transaction Business card: Not supported |
Fees checked in April 2026.
Find the best Wise Business alternative for your brand
Wise Business’s receive-only structure in India and its non-availability in Pakistan and Bangladesh may prompt some businesses to look at alternatives. WorldFirst, Payoneer, Elevate Pay and Razorpay each take a different approach.
The right choice depends on your currency needs, where your clients and suppliers are, and how you want to manage receiving, holding, converting and sending funds.
Sources
- https://wise.com/in/business/receive-money
- https://wise.com/in/pricing/business
- https://www.payoneer.com/about/pricing/
- https://payoneer.custhelp.com/app/answers/detail/a_id/18226/~/account-with-card—faq
- https://help.elevatepay.co/hc/en-us/articles/18040869186833-How-does-Elevate-Pay-s-pricing-work
- https://razorpay.com/pricing/
- https://razorpay.com/accept-international-payments/
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
Hu Wenzhan is the Emerging Markets Country Manager at WorldFirst. He brings expertise across Fintech, Payments, Banking, New Markets Growth to help clients grow their global business.
Hu Wenzhan
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