AdvertisementAdvertisementBusiness16 Oct 2026 02:56PM (Updated: 16 Oct 2026 03:26PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Oct 16 : Money transfer firm Wise said on Thursday it expects full-year revenue growth to come in at the upper end of its target range after strong customer growth and higher cross-border transaction volumes boosted second-quarter revenue.• Wise now expects fiscal 2027 net revenue growth near the upper end of its 15 per cent to 20 per cent target range and maintained its income-before-tax margin outlook near the top of its 20 per cent to 25 per cent range• The update reflects rising demand for low-cost international payments as consumers and businesses move more money across borders and hold more funds on digital platforms• Cross-border payment volumes rose 22 per cent to $71.7 billion, while active customers increased 20 per cent to 12.5 millionShow MoreShow Less• However, the cross-border take rate, a measure of revenue earned from each dollar transferred, fell to 0.49 per cent from 0.52 per cent a year earlier as the company cut prices to attract new customers• Wise has been expanding its global payments network, but its US growth ambitions suffered a setback in July after regulators denied its application to create a national trust bank. The company said it intends to reapply for the licence• Net revenue grew 21 per cent to $739.1 million during the second quarter, while customer holdings rose 28 per cent to $43.5 billionSource: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST