Wise Payments eyes more of India’s $32 billion in overseas remittances

Wise Payments Ltd. plans to start signing up new customers in India for overseas remittances after a pause, seeking a bigger slice of a market that’s swelled to $32 billion.

The London-based fintech firm stopped accepting new clients in recent months in order to revamp its infrastructure after getting a license from the Reserve Bank of India that permits the app’s customers to send more money overseas. Wise plans to restart signing up new customers in the next few months, said Shrawan Saraogi, Asia Pacific head of expansion at Wise.