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PayPal has announced its Q1 25 results, seeing a 1% increase in net revenues to $7.8bn, as the company moves towards a single commerce platform model.
Euronet’s money transfer segment (Ria and Xe) grew revenue 9% YoY to $417.7m in Q1 25, contributing to record overall Q1 revenues of $915.5m, up 7%.
Historically, China has been a difficult market to enter. However, a wave of recent partnerships is helping drive the movement of money.
Western Union saw a mixed quarter in Q1 25, with revenue falling -6% YoY to $984m due to slowing contributions from Iraq and changing migration patterns.
This week saw Money20/20 Asia, where we launched a joint report and spoke for ‘From Fragmentation to Frictionless: Cross-Border Payments in 2025 and Beyond’.
This week saw the publication of our first report produced in partnership with Money20/20: How Will Asia’s Money Move In The Future? 2025’s View Of 2035.
Inside FIS, Global Payments and GTCR’s multi-party deal that sees Global Payments acquire Worldpay while FIS acquires Global Payments’ Issuer Solutions.
While the recent market turmoil has put a pause on potential IPOs, there has been considerable acquisition activity among payments players.
The strong performance of public players across digital metrics points to the continued shift towards digital usage in consumer money transfers.
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