BigPay vs Wise Comparison for Malaysia 2026
Choosing between BigPay and Wise can feel tricky, as both offer debit cards and international transfers from Malaysia.
The key difference is in what you do most: if you want an app-based wallet for everyday ringgit spending with some overseas perks, BigPay covers that well. If you regularly hold, send or receive foreign currencies, Wise offers a wider feature set for that purpose.
This guide walks through fees, exchange rates, cards and transfers so you can compare them side by side. We’ll dive into available features and fees, unpick overseas transfer times, and take a look at how Wise vs BigPay exchange rates stack up.
We will cover:
- Side-by-side feature comparison
- Differences between Wise and BigPay in Malaysia
- BigPay card vs Wise card
Wise vs BigPay comparison summary
Wise supports more countries and currencies than BigPay, but both offer debit cards you can use for international spending, in-app options to manage your account and card, and fast international transfers.
BigPay has some extras like loans and ways to pay local bills from your phone, whereas Wise offers more international features, like multi currency accounts that support 40+ currencies for holding and exchange, including local account details to get paid in select foreign currencies conveniently.
Wise uses the mid-market exchange rate, while the BigPay exchange rate is set by either BigPay itself or the card network, depending on the transaction type.
Which is better in Malaysia, Wise or BigPay ?
| Provider | Best features |
|---|---|
| Wise |
|
| BigPay |
|
To summarise:
Wise has more features than BigPay,
Wise supports more currencies than BigPay.
Both Wise and BigPay cards can be used for international spending.
BigPay offers personal loans and budgeting tools - Wise does not.
Both BigPay and Wise are fully regulated
When choosing a provider, check to see which one offers the features that you need
The important bits: Difference between Wise and BigPay
| BigPay | Wise | |
|---|---|---|
| Supported currencies | Hold MYR only, spend globally | Hold 40+ currencies, spend in 150+ countries |
| Exchange rates | Competitive exchange rate | Mid-market exchange rate with no markup |
| Card availability | Physical and virtual cards available | Physical and virtual cards available |
| Card fees | 20 MYR order fee for physical card Up to 1% currency conversion fee when spending overseas | 13.7 MYR order fee for physical card Currency conversion from 0.77%% |
| ATM fees | 6 MYR local withdrawal fee 10 MYR international withdrawal fee | Up to 2 withdrawals worth 1,000 MYR free/month, 5 MYR + 1.75% after that |
| Send money to | 45+ countries | 160+ countries and territories |
| Transfer speed | Can be instant, may take up to 2 working days | More than 75% of transfers are instant, 90% arrive within an hour.* |
| Service | In-app chat, email and by phone | In-app chat and email |
| Safety | Fully regulated and licensed | Fully regulated and licensed |
| Reviews (TrustPilot) | No Trustpilot score. However, their main Trustpilot profile holds a 2.6 out of 5 based on a limited number of global reviews. | 4.3 out of 5 from 293,000+ reviews |
Supported currencies: Wise supports 40+ currencies for holding, BigPay supports MYR only
Exchange rates: Wise uses the mid-market rate, whereas BigPay offers competitive exchange rates which may include a markup
Card fees: Both BigPay and Wise have an order fee for a physical card. BigPay charges 10 MYR for an international ATM withdrawal, Wise has some fee free ATM withdrawals globally, with fees of 5 MYR + 1.75% after that
Service: Wise offers multilingual service in a range of languages, with support via chat, email and phone. BigPay customer service online can be reached via email, phone or in-app chat.
Safety: Both providers are fully licensed and regulated in Malaysia
Transfer speed: BigPay payments can arrive almost instantly, depending on where you send money. More than 75% of Wise money transfers are instantly delivered, 90% of them are delivered in under 24 hours.
Wise vs BigPay: Pros and cons
Still torn between Wise vs BigPay? The right one for you might simply depend on how you transact frequently - here’s an overview of some important pros and cons for both BigPay vs Wise, to make it easier to compare and choose.
| Wise vs BigPay | Pros | Cons |
|---|---|---|
| Wise | ✅ Uses mid-market exchange rate for currency conversion ✅ Low and transparent fees ✅ Send to 160+ countries and territories ✅ Hold and manage 40+ currencies in Wise multi-currency account ✅ Spend internationally in 150+ countries with the Wise card | ❌ Online and mobile payments only - no branches ❌ No option for cash payments ❌ Transfer fees vary by destination country |
| BigPay | ✅ Competitive exchange rate ✅ Provides personal loans ✅ Offers budgeting tools ✅ Pay bills ✅ Offers a debit card to spend internationally | ❌ Can send money to only a relatively small number of countries ❌ No business accounts ❌ No multi-currency account |
BigPay vs Wise: Which one suits you?
The question isn't just which provider is cheaper overall — it's which one fits how you actually use your money.
Here's a simple breakdown to help you decide.
BigPay may suit you if you:
Mainly spend and save in Malaysian ringgit
Want to send money to popular Asian corridors like Singapore, Indonesia or the Philippines
Earn AirAsia points and want to put everyday spending to work
Need personal loan access or local bill payment from your phone
Wise may suit you if you:
Regularly hold, send or receive multiple foreign currencies
Need to transfer money to a wider range of destinations beyond Asia
Want full fee transparency before you send — with no account needed to get a quote
Receive payments from overseas, including local account details in currencies like USD, GBP or SGD
A common question is whether you need to choose one or the other. You don't — some people in Malaysia use BigPay for local everyday spending and Wise for international transfers and holding foreign currencies.
Wise card vs BigPay card comparison
Wise cards have been built for convenient and flexible international use, and allow you to top up in MYR or around 20 other currencies, hold and exchange 40+ currencies, and spend and withdraw with your linked Wise card in 150+ countries.
It’s free to spend any currency you hold enough of in your Wise account. Not got the currency you need? Wise currency exchange uses the mid-market exchange rate with low fees from 0.77%% - just add money to Wise in the currency of your choice, and the card will automatically convert your funds to the currency you need, when you need it, with the lowest available fee.
BigPay is a popular ewallet which comes with a linked Visa card for payments and withdrawals at home and abroad. Top up your card in MYR, and your funds are converted using the Visa exchange rate with 1% fees when you use a foreign currency. You can also send payments to 45+ countries, earn AirAsia points as you spend, unlock budgeting features, split a bill conveniently with friends, and pay your own bills, right from your phone.
| Wise card | BigPay card | |
|---|---|---|
| Currency coverage | 40+ currencies | MYR |
| Spending internationally | 150+ countries | Anywhere Visa is accepted |
| Card fees | 13.7 MYR order fee | 20 MYR order fee |
| Overseas charges | Free to spend a currency you hold - currency conversion from 0.77%% | 1% foreign transaction fee |
| Conversion rates | Mid-market rate | Visa rate |
| ATM withdrawals | Some free ATM withdrawals every month, then 5 MYR + 1,75% | 10 MYR international fee, 6 MYR domestic |
BigPay vs Wise exchange rates
BigPay exchange rate
When you spend internationally with your BigPay card your ringgit will be converted to the currency needed using the Visa exchange rate with a 1% conversion fee.
Are BigPay currency exchange rates good? BigPay’s 1% fee for currency conversion can be lower than the foreign transaction fee applied by a bank
How to check BigPay exchange rate
BigPay uses the Visa exchange rate and adds a 1% fee when you spend with your card. To check the rate that will apply you’ll need to find a Visa exchange rate calculator on a web browser, and add 1%. For international transfers, you’ll see the rate available for your currency in the BigPay app before you confirm the payment.
Wise exchange rate
It’s free to spend any currency balance you hold in your Wise account using your Wise card. If you don’t have the currency you need, the Wise card can automatically convert your balance with the mid-market exchange rate and low variable fees from 0.77%%.
Are Wise currency exchange rates good? Wise uses the mid-market exchange rate and variable fees which are also often lower than bank conversion charges. Currency conversion costs are split out for transparency, and there's no fee to spend any currencies you hold in your Wise account.
How to check Wise exchange rate
You’ll be able to see the Wise exchange rate instantly online or in the Wise app. Generally, the Wise rate will be the mid-market rate, which is the one you’ll get using a reputable currency conversion tool.
BigPay card vs Wise card: Foreign transaction fees
Foreign transaction fees apply when using your card overseas or for spending in a foreign currency online. These charges can include a fee when you spend with your card in person or online, and fees when you make ATM transactions.
BigPay has a 1% foreign transaction fee when you spend in a foreign currency with your card, online or in person. There’s a 10 MYR international ATM fee when you make a withdrawal.
When you spend with your Wise card overseas, it’s free to spend a currency you hold, and if you don’t have the currency needed the card can complete the conversion with fees from 0.77%%, which vary by currency. You can withdraw up to 1,000 MYR in 2 transactions a month fee free with Wise, at home or abroad. After that, there’s a 5 MYR +1.75% fee to pay.
BigPay card vs Wise card: Where can you use them?
Both BigPay and Wise are handy as travel money solutions, for spending abroad and making cash withdrawals at ATMs. Let’s look at how each works.
How to use BigPay card overseas
You can use your BigPay card more or less anywhere you see the Visa logo - on payment terminals, when shopping online or at an ATM. You can also:
Top up your BigPay account using your phone
Check your account balance in the BigPay app
Make cash withdrawals in local currency wherever you are
How to use Wise card overseas
Wise cards are issued on either the Visa or Mastercard networks, both of which are accepted globally in 150+ countries. Overseas you can use your Wise card to:
Spend and make withdrawals with the mid-market exchange rate
Get instant transaction notifications in the Wise app
View your balance, top up, freeze and unfreeze your card - all with just your phone
BigPay card vs Wise card ATM withdrawals
Both BigPay and Wise cards can be used at ATMs in Malaysia and overseas. BigPay has flat fees for all transactions - 6 MYR locally, and 10 MYR overseas. You may also pay a 1% foreign transaction fee when you withdraw overseas.
Wise is a little bit different. You can use your card to withdraw up to 1,000 MYR or the equivalent, in 2 transactions a month for free, at home or abroad. After that, there’s a 5 MYR +1.75% fee to pay.
How to apply for BigPay card
To apply for a BigPay account you’ll need to first download the BigPay app which is available on either Apple or Android phones. You can then tap Register to complete the online application, and order your card. There’s a 20 MYR fee if you want a physical BigPay card, which will be sent to your registered address by post.
How to apply for Wise card
You can open a Wise account and apply for a card online or in the Wise app. Just tap Sign up and follow the prompts to create your account. Once your account is set up you can go to the Cards tab to order your card, and to pay the 13.70 MYR one time fee. Your card is then sent to your home address automatically.
Wise card vs BigPay card benefits
| Wise card benefits | BigPay card benefits |
|---|---|
|
|
BigPay vs Wise: Payment methods
Both BigPay and Wise let you add money to your digital account to then spend with your card. You can also send payments overseas.
BigPay lets you add money in cash, from your bank or with a card, and you can send payments to be deposited in bank accounts in select countries.
Wise lets you add money from your bank, using Apple Pay or a similar wallet, or with a card, and you can send payments to be deposited in bank accounts in 160+ countries and territories.
About BigPay and Wise
BigPay was launched in 2017 with the goal of making financial services accessible to more Malaysians, and by 2021 more than 2 million Malaysians had used BigPay. The company is known for offering financial services like low-cost international transfers, a linked debit card, personal loans and more.
Wise was launched as TransferWise in 2011 as a low-cost international payment provider. Since then more than 16 million people have used Wise to transfer money overseas. They offer personal and business multi-currency accounts to hold and manage currencies, accept payments and spend using a linked Wise debit card. Wise allows you to send payments to 160+ countries and territories.
BigPay vs Wise fees for international transfer
The fees of both BigPay and Wise are structured around a transfer fee and currency exchange costs. These fees vary depending on the currency route and country.
BigPay sets its own exchange rate which might include a markup, while Wise uses the mid-market exchange rate and adds no exchange markup fees. Instead, all the currency exchange and transfer costs are split out so you can check and compare them easily.
You can model your payment with Wise on their website or app, to see the fees and exchange rates which may apply to your transfer without having to create an account or log in.
With BigPay you have to create an account and log in to see the costs and exchange rates offered for a specific transaction.
How do they work?
Sending money with BigPay
To send money with BigPay you will need to download the BigPay mobile app and sign up for an account via the app. Make sure you have your ID handy for verification.
When you’re done setting up your account, you first need to top up your account:
Log into your account
Enter the amount you want to add
Select the source of payment
Enter the payment details
You’re ready to start sending money.
Sending money with Wise
To use Wise you’ll need to create an account, and depending on the type of payment you want to make you might need to provide some ID for verification.
Once your account is up and running make payments online and in the Wise app:
Log into your account
Type in how much you want to transfer, or how much you need the recipient to get
Enter the recipient’s details - bank account number or email
Check that all the details are correct
Fund your payment using a debit or credit card or bank transfer
Confirm and your money will be on its way
BigPay uses a partner network of intermediaries and service providers, while Wise uses a network of local banks and does not rely on intermediaries for international money transfers.
BigPay vs Wise: Which is faster for money transfers?
The speed of a transfer can be influenced by several factors, like the processing times of the recipient’s bank as well as whether intermediaries are involved in the transaction.
Payments made with BigPay can take between a couple of minutes and 2 business days, depending on the country that the money is sent to.
Wise payments also vary by country and currency. Many Wise payments are instant, and 90% arrive in 24 hours. The speed of transaction claims depends on individual circumstances and may not be available for all transactions.
Ease of use: Which is more convenient to use in Malaysia?
Creating an account: You can create a BigPay account on the BigPay mobile app. Wise allows you to register an account either online or using a mobile.
Making a transfer: To make a transfer with BigPay you first have to top up your BigPay account with cash or from a Malaysian bank account or card. Wise lets you transfer money by using a bank account or debit or credit card.
Ways to send money: Both BigPay and Wise let you send payments directly to the recipient’s bank account.
Languages: Wise offers multi-lingual support, while BigPay offers support in Malay or English only.
Minimum & maximum amounts: Sending limits can vary by destination country.
Wise vs BigPay: Supported currencies
BigPay supports payments to a selection of 45+ countries, including countries in Asia, the UK, EU and Australia.
Wise supports 40+ currencies, and lets you send money internationally to 160+ countries and territories.
Wise vs BigPay Safety: Are they safe to use?
Both BigPay and Wise are fully licensed and regulated, and use verification methods and smart technology to keep their customers' money safe.
Wise is regulated by Bank Negara Malaysia, Malaysia’s Central Bank, as well as other local regulators around the world.
BigPay is regulated by Bank Negara Malaysia as a registered e-money issuer.
BigPay vs Wise: customer service
You can contact both BigPay and Wise using in app chat. Wise recommends this as the best way to get a quick answer to your question - plus you can be referred to a specific customer support team depending on your query, if required.
BigPay also has a couple of other ways to get in touch:
BigPay phone number: 1300-13-3388
BigPay email: [email protected]
The verdict: BigPay or Wise?
Both BigPay and Wise offer international debit cards, and payments with low fees and near-instant transfers on some currency routes, and both are regulated and licensed. In addition to international money transfers, BigPay also offers services such as personal loans and budget management tools. While Wise doesn’t offer these services, Wise has multi-currency holding accounts with broad international features, and uses mid-market exchange rates.
Whether BigPay or Wise is the best for you will depend on the specific services and features that you need.
BigPay is handy to hold money in MYR and manage your account with an app - you can spend globally, with the Visa exchange rate and a 1% fee.
Wise has powerful features for those who travel often and spend internationally. You can hold and exchange 40+ currencies with a Wise account, and spend internationally in 150+ countries with a Wise debit card.
Conclusion: BigPay or Wise, which is better in Malaysia?
Both BigPay and Wise offer low fees and fast international money transfers. With Wise, you can send money to more countries than BigPay and hold different currencies in Wise’s multi-currency account. Both providers are regulated by Malaysia’s central bank.
BigPay offers several tools to manage personal finances, including personal loans. This makes BigPay a good fit for those who want to manage their money locally through an app, with the ability to send and spend money overseas with ease.
Wise offers fast and convenient international transfers to 160+ countries and territories. A Wise account provides local account details in multiple currencies, including MYR, SGD and US and you can spend internationally with a Wise card in 150 countries. It's free to spend from your Wise account, and Wise uses the mid-market exchange rate for currency conversion, making Wise a good option for anyone who needs to manage their money across currencies, or who sends and spends foreign currencies regularly.
Both BigPay and Wise accounts are free to open. You can read our BigPay Review to learn more about BigPay, and visit Wise to learn more about Wise account and debit card.
Wise vs BigPay in Malaysia FAQs
Sources
BigPay — About: Information on BigPay's background and services, checked on June 2026.
BigPay — Fees and Charges: Fee information for BigPay Malaysia, checked on June 2026.
Capital A Berhad Annual Report 2023: Confirms BigPay's position within Capital A's MOVE Digital division and parent company structure, checked on June 2026.
Wise Malaysia — Pricing: Wise fee and exchange rate information for Malaysia, checked on June 2026.
Wise Malaysia — Card Fees: Card fee details including ATM withdrawal limits and conversion fees, checked on June 2026.