The world’s most promising cross-border payments companies in 2024, according to FXC Intelligence.
We’ve taken another look at the difference between wholesale and retail CBDCs, and which are currently being discussed in relation to cross-border payments.
Inside Egypt’s remittances surge
September 20th, 2024
The Central Bank of Egypt reported that remittances from Egyptians abroad surged by 87% YoY in July 2024, with the bank calling the rise “unprecedented”.
Alongside record revenues, Moneycorp noted a 600% rise in interest incomes to £15m in its FY 2023 annual results, 7% of the company’s total revenues.
CAB Payments saw incomes decline in H1 2024 on the back of major headwinds in some of its core markets.
With the Paralympics in full swing, we took a closer look at how the world’s biggest sports event affected Adyen’s cross-border volumes.
Last week, Klarna outlined significant financial gains from its AI adoption, including a sharp cut in headcount. But should others in payments follow suit?
Several cross-border payments companies have recently surpassed $1bn in revenue. We compare these to highlight current industry trends.
With Wise announcing that it was once again going to take on new customers in India, we look at some of the players serving outbound remittances in India.