top of page

BigPay vs Wise — Which Should You Choose?

Updated: Aug 3, 2022

By Sabrina Loh

Wise (formerly TransferWise) is a fintech company headquartered in London that lets you send money internationally and spend abroad with the Wise debit card.

This guide covers everything you need to know about a Wise account and compares it with the BigPay account to help you make the right decision.

What is Wise?

Wise is an online financial service provider which lets users send, receive, and spend money abroad. Users can manage their account through the Wise smartphone app and can order the Wise debit card for a fee of RM13.70.

Features of a Wise account:

  • Send, receive, convert, and hold money in multiple currencies

  • Spend abroad with the Wise debit card

BigPay vs Wise:




Opening an Account



Funding your Account

Top up with a debit card, credit card, or bank transfer.

The first top up is compulsory through bank transfer.

Initial Top-Up

RM10. This is not a fee. You’re free to use it later.

You’ll have to deposit RM101 to get your Wise account details.

This is not a fee. You’re free to use it later.


Anybody in Malaysia, including expats and travellers.

You must have a bank account with the same name registered with Wise to activate your account.

Ordering the Debit Card


Debit Card Fees

Free in Malaysia.

Up to 1% (usually far less) of currency conversion fees when using the BigPay card abroad.

Only free in Malaysia if you hold a Malaysian currency account. Otherwise, pay 0.61% average of currency conversion fees, in addition to ordering the Wise debit card for RM13.70.

Average of 0.61% of currency conversion fees when using the Wise debit card abroad.

Virtual Card


Transfers Fees

BigPay to BigPay: Free domestically.

DuitNow Transfer: Free

International Transfers: Fixed fees regardless of how much you send.

Wise to Wise: Free if both accounts are of the same currency. Pay currency conversion fees for different currencies.

International Transfers: Pay currency conversion fees and fixed fees, depending on the amount, type of transfer, and destination.

Wise has recently announced that their fees are increasing on select routes from October 2022 onwards. More info here.

Transfer Speed

BigPay to BigPay: Instant

DuitNow: Instant

International Transfer: Instant for some countries, within 24 hours for others.

Send money to 48 countries and counting.

Wise to Wise: Instant

International Transfer: Instant for some countries, sometimes up to 2 working days for others.

Credit Card Top-up

Free for the first RM1000, 1% fee for subsequent top-ups.

Paying with a credit card or corporate card incurs significantly higher fees.

Organising Your Money

Organise your money by keeping it in a separate Stash.

Use it as your personal space to save money, budget, and reach your financial goals.

Round-up Savings

Small amounts of money can add up to big savings over time.

Round-up your payments on the BigPay card to the nearest Ringgit or Singapore dollar, and put that spare change in your Stash.

Personal Loans

A 100% fully digital loan of up to RM10,000.

Cash Pickup

Send money to the Philippines and Indonesia and opt to collect it in cash.

Spending in Malaysia

BigPay is integrated with DuitNow, which is used almost everywhere in Malaysia. Use this feature to spend and receive money locally, or use the BigPay card.

Spending in Malaysia is only possible with the Wise debit card.

Without it, you won’t be able to spend with local merchants as Wise has no QR payment feature.

The only exception is if you’re spending online with the Wise debit card.

Bill Payment

Pay local bills with the ‘Pay Bills’ feature in the BigPay app.

Tracking Expenses

The BigPay app tracks and categorises all your expenses automatically.


Earn points every time you spend with BigPay. Use these points to redeem AirAsia flights and other rewards later.

Customer Support

Available 24/7

Only available on Monday to Friday, 9AM to 5PM (MYT).

The Bottom Line

A Wise account comes with many useful features and holds multiple currencies. However, there’s no better alternative than BigPay, especially if you’re living in Malaysia.

Locally integrated features

BigPay is packed with locally integrated features like DuitNow, which is used almost everywhere in Malaysia. This means you can use your BigPay app to make cashless and contactless payments with any DuitNow merchant, or send and receive money instantly.

Pay bills

Whether it’s electricity, water, mobile, or internet, you can pay your bills with participating merchants at no extra charge from your BigPay app.

Traveller’s best friend

Your BigPay account comes with a Visa card which gives you access to over 45 million merchants worldwide. Use it anywhere in the world, online and offline to automatically pay in the local currency of your travels with real-time exchange rates.

Fast transfer speeds

We’re known for having one of the fastest international money transfer speeds in the world. On top of that, you can also opt for the recipient to collect the money in cash in the Philippines and Indonesia.

Low and transparent fees

At BigPay, our mission is to make financial services accessible to all. That’s why you’ll always get transparent and competitive fees for whatever services you need.

Collect points

Earn airasia points every time you transact with BigPay, regardless of currency. Use these points to redeem major discounts on AirAsia flights and rewards later.

Sign up for BigPay on iOS and Android to experience it for yourself!