Wise Will ‘Double Down’ on Payment Infrastructure Investment ...Middle East

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Wise Will ‘Double Down’ on Payment Infrastructure Investment
Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results showing double-digit percentage increases in revenue and customer numbers. “We moved £118.5bn around the world for 12.8m customers, 29% more customers than last year, with much of this growth driven by the popularity of the Wise account,” said Kristo Käärmann, the company’s co-founder and CEO, who noted a 31% increase in underlying income. “We are investing in infrastructure and customer experiences to serve as much of this huge, under-served cross-border payments market as possible, including starting FY25 by reducing fees f

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