Wise reports strong Q2 growth and expands global infrastructure

International money transfer firm Wise reported significant growth in its Q2 FY27 results. Cross-border volume increased by 22% year-on-year to $71.7 billion, while the number of active customers rose by 20% to 12.5 million. The company noted that 78% of transfers were completed instantly.

Wise continues to expand its global footprint and service offerings. The company launched its Wise Account and Wise Card in Thailand and integrated its ninth direct banking system in Malaysia. Additionally, its Wise Platform infrastructure, which serves banks and enterprises, has attracted new clients including OakNorth and Germany’s Vivid Money, joining existing partners such as Monzo, Morgan Stanley, and Standard Chartered.

Revenue streams remain diversified across cross-border transfers, card and account usage, and interest earned on customer deposits. Customer holdings grew by 28% to $43.5 billion, and card spend volume increased by 30% to $14.3 billion.