Fintech Insider Podcast by 11:FS cover image

755. News: PSD3 unveils plans to shake up Open Banking

Fintech Insider Podcast by 11:FS

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Wise Sees Profits or Amid Customer Boost and Rising Interest Rates

Money transfer firm wise has unveiled soaring annual profits, thanks to surging active customers as high interest rates boosted its income. The group reported a 234% rise in pre-tax profits to 146.5 million pounds for the year to March 31st. Up from 43.9 million the previous year, it notched up a 34% jump in active customers to 10 million after attracting 4.5 million new customers. And saw them move 105 billion pounds across borders internationally, which was up 37% year on year.

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