Table of Contents
1. What is WanderWallet?
WanderWallet on their website define themselves as an app/service that helps travelers and expats pay like a local in Latin America using local payment rails, they also state that their goal is that you do not have to rely only on foreign cards, cash, or ATM headaches.
Currently covering three countries: Brazil, Argentina and Bolivia, they offer instant QR code payments (with PIX) as well as regular transfers, fairly quick deposits and within Argentina you are able to withdraw pesos from ATMs. They keep your money in
Their WhatsApp support hours: Mon–Fri, 8:00–18:00 (São Paulo / Buenos Aires time)
2. How to Deposit & Spend Money
Creating an account in WanderWallet app is pretty straightfoward, input your information like in other payments app, upload a document and do a scan of your face. Next you’ll choose one of the offered options to deposit your money into WanderWallet:


As you can see, on the left side I’ve put deposit options and on the right side you can see which payments you can do with WanderWallet, including QR payments with “Pay QR” option.
Here is me making a payment to my Banco Rendimento account, it took 14 seconds for my PIX payment to arrive and everything went fine. Exchange Rate 1 USD = 5.1653 BRL and a 0.20 USD WanderWallet fee, but we’ll discuss that further in the next section.



3. Conversion Rates & AI Comparison Score
So, let’s get down to conversion rates, here are the conversion rates from the WanderWallet website posted as of time I’m writing this post:

Although my blog posts are 100% human-written, I’ve used AI to see how WanderWallet compares to other payments apps such as Wise and Revolut and let it rate WanderWallet before I write my personal opinion in the next section, so let’s check out the comparison right here:
| Country & Currency | WanderWallet Rates | vs. Revolut / Wise | Assessment |
|---|---|---|---|
|
Brazil
BRL (Brazilian Real)
|
USD ~ 5.17 EUR ~ 5.98 |
Typically lower or on par with Revolut or Wise | Fair (~1% spread) |
|
Argentina
ARS (Argentine Peso)
|
USD ~ 1540 EUR ~ 1780 |
Typically lower or on par with Revolut or Wise | Good (Tracks parallel) |
|
Colombia
COP (Colombian Peso)
|
USD ~ 3081 EUR ~ 3562 |
Typically lower or on par with Revolut or Wise | Fair (~1% spread) |
|
Bolivia
BOB (Bolivian Boliviano)
|
USD ~ 11.06 EUR ~ 12.79 |
Typically lower or on par with Revolut or Wise | Weak (~5% lower) |
|
Peru
PEN (Peruvian Sol)
|
USD ~ 3.37 EUR ~ 3.90 |
Typically lower or on par with Revolut or Wise | Excellent (Mid-market) |
4. My Experience Using WanderWallet & LatamScore
As you can see I’m introducing LatamScore, a simple 1-5 scale where I’ll be leaving my personal opinion after reviewing apps and websites. WanderWallet will be the first one to receive a LatamScore and from there we’ll see how it goes, so without further ado:
Some suggestions I’d like to add:
- Fixing the “Save Receipt to Device” button
- Add description for payments and a PDF version to share/download
- “Rate WanderWallet” button in the “Account” section – it doesn’t remember and open store, it asks every time which one I’ll use