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PayMaster vs Wise

PayMaster

7.0#47 in money transfer appsFree plan
Free planAndroidiOS
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Wise logo

Wise

8.2#4 in money transfer appsFree plan
Free planAndroidiOSWeb
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What both publish

FactPayMasterWise
Free planYesYes
Mobile platformsbothThe Wise app is available for iOS through the Apple App Store and for Android through Google Play.
PurposePayMaster describes itself as a one-stop app for payments, financial transactions, and everyday services in Sri Lanka.The Wise app lets people send money, receive payments from abroad, check exchange rates, pay bills, and send money to loved ones.
Recipient methodsbankbank
Regulatory statusPayMaster says it is authorized by the Central Bank of Sri Lanka to process mobile payments.Wise says it is licensed in most states and regulated by authorities worldwide.
Scheduled transfersYesYes
SupportThe homepage lists support by email at [email protected] and by phone at +94 117731800.Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages.
Transfer speedinstantOn many popular routes, transfers can arrive within one day, the same day, or instantly.
Transfer trackingYesThe app shows the list and current status of transfers users have set up.
Upfront fee displayYesYes

PayMaster plans

  • PayMasterFree

Wise plans

  • Wise personal account and transfersFree

Pick PayMaster if…

You want what its maker publishes above — check its page for the details.

Pick Wise if…

Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.

Charts they share