Mercury Approval Trends: Q1-Q4 2026

Mercury approval rates are not static. Country policies move quarterly based on AML risk weighting changes, regulatory environment, and Mercury's own internal model adjustments. Here are the key movements from Q1 2026 to Q4 2026.

Answer

Q1-Q4 2026 movements: Pakistan tightened from 70% to 60% (regulatory signals). Bangladesh stayed at 65%. India held steady at 75%. UK slight loosening 92% to 95%. UAE held at 80%. Nigeria continued tightening 40% to 35%. Vietnam stayed at 60% (treaty took effect 2024 but Mercury policy unchanged). Brazil held at 75%.

By Zawwad, Founder & CEO, WyomingLLC by Topslice LLC.

Last updated May 20, 2026

Pakistan tightening pattern

Q1 2026: 70% approval. Q4 2026: 60%. Driver: regional regulatory environment changes. Mercury's risk model adjusted Pakistan profile downward. Affects ~15% of our intake.

India steady

Held at 75% throughout 2026. India profile is stable and high-quality. Documentation infrastructure (PAN, passport, GST) consistent. No regulatory shifts. Our largest customer segment.

UK loosening

92% Q1 2026 to 95% Q4 2026. Slight loosening attributable to Mercury's broader expansion in established markets. UK is among Mercury's preferred non-resident profiles.

Nigeria tightening

40% Q1 2026 to 35% Q4 2026. Continued downward pressure from AML/sanctions environment. Wise Business continues to be the primary recommendation for Nigerian founders.

What this means for 2027

Country profiles will continue to shift. Bangladesh and Vietnam may improve as treaty utilization grows. Nigeria likely stays at low rate without geopolitical change. Founders should expect rates to move ~5-10% quarterly.

Frequently asked questions

Will Pakistan approval improve?

Hard to predict. Depends on Pakistan banking environment and US regulatory perception. We watch and update guidance quarterly.

Why does Wise stay at 95% across countries?

Wise's underwriting model is less country-tier sensitive than Mercury's. Wise stays consistent.

Where do I find latest rates?

wyomingllc.xyz/banking has updated tables. Updated quarterly.