Wise (LON:WISE), the London-listed cross-border payments company, announced plans toestablish a primary listing in the United States while maintaining its UKpresence, as the fintech reported a 23% jump in transaction volumes to £145.2billion forthe year ended March 31.Thecompany, which processes international money transfers and currency exchanges,said it moved funds for 15.6 million customers during the fiscal year,representing a 21% increase from the previous period. Revenue climbed 15% to£1.2 billion, while underlying profit before tax rose 17% to £282.1 million.Wise Plans US PrimaryListing as Cross-Border Payments Surge 23%ChiefExecutive Kristo Käärmann said the board concluded its review of listingarrangements and decided to transfer the primary listing from London's equityshares transition category to a US exchange, while keeping a secondary listingon the London Stock Exchange."Webelieve the addition of a primary US listing would help us accelerate ourmission and bring substantial strategic and capital market benefits,"Käärmann stated in the results announcement.The companycited several reasons for the move, including access to a broader investorbase, particularly US institutional and retail investors who currently cannothold the shares. Wise alsoexpects the change could provide a pathway to inclusion in major US indices andhelp raise its profile in the world's largest economy.Net Profit Up 18%Thefintech's underlying income grew 16% to £1.36 billion, driven by customergrowth and increased adoption of multi-currency accounts. Personal customersexpanded 22% to 14.9 million, while businesscustomers increased 11% to 697,300.Customerbalances held in Wise accounts surged 29% to £17.1 billion, with total customerholdings including assets reaching £21.5 billion, up 33% year-over-year. Thecompany reduced its average transaction fee rate by 14 basis points to 53 basispoints in the fourth quarter.Approximately65% of payments now complete in under 20 seconds, up from 49% three years ago,reflecting improvements to the company's payment infrastructure that bypassestraditional correspondent banking networks.You mayalso like: “CarelessRather Than Deliberate or Reckless” Approach Cost Wise CEO Another +£350K FineInfrastructure Investmentsand Future PlansWisecontinued expanding its direct connections to domestic payment systems, goinglive with InstaPay in the Philippines and securing regulatory approvals forBrazil's PIX system and Japan's Zengin network. The company now operates withover 70 licenses globally.In India,Wise activated a new license that removed previous transaction limits, while inAustralia it launched an interest-earning feature for account holders usinggovernment-guaranteed assets.The companycommitted to investing approximately £2 billion over the next two years acrossinfrastructure, marketing and product development to capture more of what itdescribes as a £32 trillion cross-border payments market opportunity.For fiscal2026, Wise expects underlying income growth of 15-20% and plans to operate atan underlying profit margin around the top of its medium-term target range of13-16%.Thecompany's shares have delivered basic earnings per share of 40.37 pence, up 18%from 34.20 pence in the prior year.Britain's IPO market remains parched, with new listings few and far between despite government efforts to revive activity. The Treasury has been courting high-profile fintech firms like Revolut and Monzo in a bid to reverse the trend and anchor them in London’s financial hub. But the continued listing drought underscores broader concerns about the UK’s competitiveness as a destination for fast-growing tech companies.This article was written by Damian Chmiel at www.financemagnates.com.