Wise secures official SARB licence to launch remittances in South Africa

The South African Reserve Bank (SARB) has officially designated Wise Payments South Africa (Pty) Limited as a Category Two Authorised Dealer in Foreign Exchange with Limited Authority (ADLA). Formalized via Notice 4183 in the Government Gazette on October 2, 2026, and Exchange Control Circular No. 20/2026 on October 5, the licensing cements Wise’s regulatory footing inside South Africa’s strict exchange control system and caps a year of strategic expansion for the British fintech within the regi