Not the full picture:
Wise is that big that it has already lots of local accounts and/or correspondent banks; so basicly "you get the money from Wise" but from a "local payment way/scheme" (to which Wise is connected in the background through several layers)
that we need one company to achieve such big scale that they literally are regulated in every single country and basically become monopolistic in terms of their influence?
a Blockchain based system can maintain similar effects but with a balance of power
