On November 6, 2025, Wise plc published results for the six months ended September 30, 2025 (H1 FY26), reporting cross-border volume up 24% year over year to £84.9 billion and 13.4 million active customers. Customer holdings passed £25 billion — nearly £20 billion in Wise Accounts plus £5.6 billion in Wise Assets — underlining how far the company has moved beyond simple transfers into an account-and-balance business.
For the remittance market, the November 2025 results mattered for two reasons. First, scale: Wise had moved £145.2 billion across borders in its previous full financial year (FY25, ended March 2025), and H1 FY26 volume growth accelerated on that base. Second, pricing discipline: Wise had cut its take rate by 14 basis points over FY25 to 53 basis points by Q4 FY25 — a deliberate strategy of returning scale economies to customers that keeps pressure on every other provider's pricing.
£84.9B — Cross-border volume Wise moved in H1 FY26 (April–September 2025) — up 24% year over year (Wise plc H1 FY26 results, November 6 2025)
Wise's H1 FY26 statement (published November 6, 2025) showed the flywheel intact: more customers (13.4 million active), moving more volume (£84.9 billion, +24%), holding more money on-platform (over £25 billion). The Wise Platform business — infrastructure that lets banks like UniCredit and Raiffeisen run cross-border payments over Wise's rails — grew to around 4% of total volume, up from 3% a year earlier, making Wise a wholesale rail as well as a retail brand.
The strategic contrast with Q4 2025's other big payments story is instructive. While Western Union announced a stablecoin (USDPT, October 28) to defend its cash-out network, Wise's approach remains fiat-native: direct connections to domestic instant-payment schemes in dozens of countries, cutting out correspondent banking rather than replacing it with blockchains. Both strategies attack the same enemy — pre-funded, multi-hop correspondent chains — from different directions.
Wise's take rate discipline is the sender-relevant headline. At roughly 0.53% average all-in cost, Wise prices far below the World Bank's 6.36% global average (Q3 2025 Remittance Prices Worldwide) — though as RemitRoutes' corridor data shows, it is not always the cheapest option on any given route on any given day.
| Provider | Type | All-in vs mid-market | Recipient gets (INR) |
|---|---|---|---|
| Coinbase (crypto rail) | Crypto | +4.17% above mid-market | 132,526 |
| CoinDCX (crypto rail) | Crypto | +3.32% above mid-market | 131,451 |
| Western Union | Traditional | −0.31% | 126,827 |
| State Bank of India | Traditional | −0.35% | 126,775 |
| Remitly | Traditional | −0.50% | 126,589 |
Wise's results confirm a long-running trend: cross-border pricing power is eroding for anyone who cannot operate at scale on modern rails. A company moving £170 billion a year at a 0.5% take rate resets customer expectations — "under 1% all-in" is now the benchmark on major corridors, not the exception.
But benchmark is not the same as best. On GBP → INR today, RemitRoutes' measured data shows both crypto rails and several traditional providers competing hard, with rankings that shift week to week as FX spreads and promos move. The winning strategy for senders is unchanged: treat every transfer as a fresh comparison, check the all-in amount your recipient actually gets (not the advertised fee), and let providers fight for your corridor.
Compare live rates across 360+ corridors on RemitRoutes · methodology.