Last week saw Fintech Meetup, where I was pleased to moderate a discussion about digitalising cross-border payments and the opportunities in partnerships.
Cross-border payments’ latest $1bn+ revenue players
March 20th, 2025
Remitly and Corpay’s Corporate Payments segment surpassed $1bn in revenues in 2024, with Payoneer nearing the mark and expected to cross it in 2025.
Two years on from its launch, the the Pan-African Payment and Settlement System (PAPSS) continues to grow as new participants come online.
China’s growing shift away from the dollar
March 7th, 2025
Cross-border payments data from China’s State Administration of Foreign Exchange shows that the yuan now accounts for the majority of transactions.
Stripe reports first profitable year amid valuation bounce
March 6th, 2025
Stripe has published its annual letter, providing a limited view of its finances alongside a broader sense of the company’s strategy and ongoing priorities.
Intermex’s revenue stayed flat at $658.6m in FY 2024, with a slowdown in Latin America leading to a -0.8% decline in annual principal sent to $24.4bn.
Visa taps into global payments opportunity with Visa Direct
February 27th, 2025
Visa’s recent investor day saw it give a substantial update on Visa Direct, including that the platform saw nearly 10 billion transactions in 2024.
Flywire grows despite core market slowdown in 2024
February 26th, 2025
Payments processor Flywire saw revenue rise 17% to $118m in Q4 2024, driving full-year growth of 22% to $492m, behind expectations for the year.
Standard Chartered centres cross-border in Corporate and Investment Banking targets
February 24th, 2025
Standard Chartered’s FY 2024 results saw it both centre cross-border payments in its overall strategy and outline ambitious targets for its CIB division.