• Wise Projects Revenue Growth at Upper End of Target Range on Strong Customer Gains
  • Wise Reports 21% Revenue Growth as Cross-Border Payments Rise
  • Wise Sees Strong Fiscal 2027 Growth Despite Declining Transaction Fees

Money transfer company Wise has raised its expectations for full-year revenue growth, supported by rising customer numbers and increased cross-border payment volumes during the second quarter.

The company said on Thursday that it now expects net revenue growth for fiscal 2027 to reach the upper end of its target range of 15% to 20%. It also maintained its outlook for its income-before-tax margin near the top of its projected range of 20% to 25%.

The improved outlook reflects growing demand for affordable international payment services as individuals and businesses increasingly transfer money across borders and keep more funds on digital platforms.

Wise recorded a 22% increase in cross-border payment volumes to $71.7 billion during the quarter, while its active customer base grew by 20% to 12.5 million.

Net revenue rose 21% to $739.1 million, while customer holdings increased by 28% to $43.5 billion, highlighting the expansion of the company's payment services and digital financial platform.

However, the growth came alongside a decline in the company's cross-border take rate, which measures the revenue earned for every dollar transferred. The figure fell to 0.49% from 0.52% a year earlier, reflecting price reductions introduced to attract more customers.

Wise has continued to expand its global payments network as competition intensifies in the international money transfer market. However, its expansion plans in the United States suffered a setback in July when regulators rejected its application to establish a national trust bank.

Despite the setback, the company said it intends to reapply for the licence as it pursues its broader growth ambitions.

The latest results underscore Wise's continued expansion, with rising transaction volumes and customer holdings supporting its revenue outlook, even as lower transfer fees weigh on the proportion of revenue generated from each transaction.