Wise Cross-Border Volume Rises 26% Ahead of Nasdaq Listing

Cross-border money transfers have long relied on traditional correspondent banking networks, resulting in high fees and slow processing. Fintech giant Wise connects directly to domestic clearing networks, including the Bank of Japan's clearing system, bypassing traditional partner banks and providing liquidity more quickly. The model is disrupting conventional cross-border payments and sharply reducing transaction costs. It is also central to Wise's strategy for building a competitive moat and attracting global investors.

Wise reported fiscal 2026 results on June 25, 2026, showing full-year cross-border volume of $243.4 billion, up 31% year on year, and 19 million customers. In its latest quarterly results, released on July 16, net revenue rose 25% from a year earlier to $714 million. The figures show that its strategy of bypassing banks and connecting directly to local clearing networks has translated into rapid growth.

Wise is a fintech company that offers low-cost international money transfers and multi-currency accounts with transparent exchange rates, serving individuals and businesses making and receiving cross-border payments. As global travel, overseas spending and international business transactions recover, payment volumes, fee income and customer retention in cross-border payments have become key indicators of growth for the payments market and investors.

Wise reported results for the fiscal year ended March 31, 2026, with both cross-border transaction volumes and spending on Wise cards rising significantly. Full-year net revenue increased 19% from a year earlier to $2.5 billion. The latest results show that the company is extending its international money-transfer customer base into everyday card spending and multi-currency payments, broadening how each customer uses its services and generating additional sources of revenue.