---
title: "Wise Gets SARB Authorised Dealer Licence for FX in SA"
description: "Wise has been appointed a Category Two Authorised Dealer in South Africa, giving it a formal licence to offer limited foreign exchange and remittances."
canonical_url: "https://liners.com/news/wise-sarb-authorised-dealer-fx-south-africa"
markdown_url: "https://liners.com/news/wise-sarb-authorised-dealer-fx-south-africa.md"
type: "article"
language: "en"
published_at: "2026-10-13T11:00:46.553Z"
updated_at: "2026-10-13T11:00:46.555Z"
---

# Wise Gets SARB Authorised Dealer Licence for FX in SA

Wise has been appointed a Category Two Authorised Dealer in South Africa, giving it a formal licence to offer limited foreign exchange and remittances.

## Breadcrumbs

- [News](/news)
- [Wise Gets SARB Authorised Dealer Licence for FX in SA](/news/wise-sarb-authorised-dealer-fx-south-africa)

## Content

## In Short
South Africa’s central bank has appointed Wise as a Category Two Authorised Dealer in foreign exchange with limited authority.

## What Happened
Wise has been formally appointed by the South African Reserve Bank as a Category Two Authorised Dealer in foreign exchange with limited authority, often shortened to ADLA.

An authorised dealer is a firm allowed to handle certain foreign exchange services under South Africa’s exchange control rules. Exchange control is the country’s system for monitoring and limiting how money moves across borders.

The appointment was published as a notice in the Government Gazette in early October, and also appeared in an exchange control circular from SARB’s Financial Surveillance unit.

SARB’s Category Two licence comes with clear limits. According to the central bank, this category generally covers bureau de change services, some transactions under the single discretionary allowance, and money remittance services offered in partnership with external money transfer operators.

The single discretionary allowance is a yearly cap for individuals to send money abroad, currently up to R2 million per applicant per year. It is a regulated limit, not a product limit.

Wise first announced it had received conditional approval in December 2025. Since then, it has been building distribution in South Africa.

In April, [Capitec Bank](/capitec-bank) said it would use Wise’s platform to power international payments for individuals and businesses directly from Capitec accounts.

## Why It Matters
For Wise, the authorised dealer status puts it directly inside South Africa’s regulated FX system, with reporting and oversight requirements that come with that system.

For customers, the key benefit is clarity, a named licence and defined permissions for cross-border payments, currency exchange, and remittances.

For the wider fintech market, this is another sign that South Africa is making room for global and local players to offer regulated cross-border payment services, but within strict categories and transaction limits.

## Sources and products

- [Condia](https://thecondia.com/wise-gets-fx-regulatory-approval)

## Related pages

- [Policy & Regulation](/news)

## Access and citation

- [Canonical HTML page](https://liners.com/news/wise-sarb-authorised-dealer-fx-south-africa)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)