International payments powerhouse Wise (LSE: WISE) remains one of my top ideas in the UK growth stock space. While it hasn’t performed well recently, I’m convinced that it’s only a matter of time until it surges.

In my view, this name’s definitely worth considering as a growth play for 2027. Here’s why.

A game-changing piece of news

While Wise has been growing at an impressive pace, one major issue has been holding the share price back. That’s uncertainty over a Belgian regulatory investigation into a lack of compliance checks.

The good news is that this issue has now been resolved. In the company’s H1 FY27 results, published on Friday (13 November), the company said that Wise Europe, its Belgian subsidiary, had been engaging with the Brussels prosecutor’s office in response to queries about its business. That agreement’s now been reached to fully resolve and settle this matter, with no admission of wrongdoing.

We can now focus on the strong growth

This is a big development. Because investors will now be able to focus on the fundamentals here and they’re very strong (note that the share price rose 5% on Friday).

For example, in H1, the company generated revenue of $1,453.1m, up 23% year on year. Cross-border payments volume amounted to $141bn, up 24% on the same period a year earlier.

Looking ahead, Wise said it expects net revenue growth for the full year to be in the upper half of its 15%-20% medium-term target range. It also said that it expects its FY27 income before tax margin to be around the top end of its 20%-25% range.

When you consider that the stock’s currently trading on a price-to-earnings ratio (P/E) of less than 20, it looks great value. It’s worth noting that the average analyst 12-month price target is 1,253p, which is about 43% above the current share price.

A long-term growth driver

Taking a long-term view, the thing that excites me the most here is the company’s business-to-business (B2B) payments platform. This has a ton of potential and could be a massive growth driver for the company.

In its H1 results, Wise said that it had recently partnered with two of the top 20 largest banks in North America while continuing to expand the services it provides to banking giant Morgan Stanley. These kinds of deals are very encouraging and highlight the quality of its offering.

Consider buying Wise shares for 2027

Now, there are plenty of risks here, of course. One is competition from rivals – payments is a competitive industry. Another’s new payments technologies like stablecoins. In the long run, these could be a threat to Wise’s business model.

Overall though, I believe the risk/reward proposition’s very attractive today. I think this could be a great growth stock to consider for 2027 and beyond.

Should you invest £5,000 in Wise Plc right now?

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Edward Sheldon owns shares in Wise.