Wise PLC Class A (GB:WISE) has released an update.
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Wise PLC has reported strong growth in the first half of 2024, with active customers increasing by 25% and a significant rise in cross-border transaction volumes. The company is enhancing its global payment infrastructure, now including a direct connection in the Philippines, to improve transaction speed and reduce costs. This strategic investment in infrastructure is driving down prices and boosting profitability, with reported profit before tax up by 51% year-over-year.
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