Wise said today(Monday) its cross-border payment volumes climbed 26% in the final quarter offiscal 2026 to £49.4 billion, as the London-listed fintech prepares to shiftits primary listing to Nasdaq on May 11 and reshape how it reports its numbersto investors.Singapore Summit: Meet the largestAPAC brokers you know (and those you still don't!)Activecustomers reached 11.3 million in the three months to March, up 22%, whileunderlying income rose 24% to £435.3 million. For the full year, Wise processed£181.7 billion in cross-border transfers, a 25% increase, and served 18.9million active customers.Thecross-border take rate slipped another basis point to 51, down from 53 a yearearlier, which the company described as a balanced approach to pricing andreinvestment. Wise has run this playbook consistently, including when it reported 20% volume growth in Q2 offiscal 2025alongside an eight-basis-point drop in take rate."Weare making good progress on building the network for the world's money,"Chief Executive Kristo Käärmann said in the trading update. In January, Wisebecame one of the first payment institutions granted membership to PaymentsCanada, and last month it launched a UK current account with a physical branchconcept on Oxford Street.DualListing Set for May 11 on NasdaqWiseconfirmed it remains on track to complete its listing transfer this quarter,with an expected debut date of May 11 on Nasdaq. The London Stock Exchange willretain a secondary listing. A registration statement has been filed with the USSecurities and Exchange Commission, though the company noted it has not yetbeen declared effective. Shareholdersapproved the move last July, after Käärmann first outlined the Wall Street plan in June 2025, arguing the switchwould give Wise better access to its largest market.As part ofthe transition, Wise said its full-year fiscal 2026 results will be presentedin US dollars under US GAAP, abandoning the "underlying" profitframework in favor of reported income before tax. The company translated itsmedium-term guidance into the new framework, keeping a 15%-20%constant-currency net revenue CAGR target and setting an income-before-taxmargin target of 15%-20%. It said reported margins would likely run at 20%-25%in the near term until it can pay more interest to customers.Cross-Border Rivals StepUpWiseoperates in a market where rivals are moving on similar ground. Revolut, whosevaluation recently overtook Barclays, expanded its international transfers with14 new payment corridors across nineAfrican countries,plugging into Airtel Money, Orange Money and MTN. Nubank's global account runs on WisePlatform, thefirm's infrastructure arm that also powers Morgan Stanley, Standard Charteredand Google Pay, taking its partner tally above 85.Wise leanson a fee-compression model funded by scale and interest income on safeguardedbalances. Customer holdings grew 37% to £29.4 billion, card and other revenuerose 29%, and Wise Business volumes jumped 35%. Instanttransfers, defined as arriving in under 20 seconds, climbed to 75% of flowsfrom 65%, a capability the company has long pushed in its broker partnershipswith Interactive Brokers, Tiger BrokersSingapore and Gotrade.Wiseestimated that a 25 basis point change in central bank rates would move netinterest income by around $40 million a year, based on customer balances of$26.4 billion at the end of the first half of fiscal 2026.This article was written by Damian Chmiel at www.financemagnates.com.