Payment Industry Research

Payment Industry Analysis

China has reported that the volume of outbound cross-border payments made in yuan outstripped those made in US dollars in April.
Uruguay-based payment processor dLocal had a solid Q1, with revenues rising 57% to $137.3m and adjusted EBITDA up 38% to $45.5m.
The 2023 Remittances Africa Conference took place last week, with industry players and government officials discussing the African diaspora and remittances.
Market expansion and digital growth led to higher revenue rises for remittance companies in Q1 23.
Paysafe has reported its Q1 23 results, with its strongest quarter since it went public seeing it deliver 5% YoY revenue growth to $388m.
US-based Flywire’s share price rose last week after it announced that revenues had risen by 46.1% to $94.4m in Q1.
Block has published its Q1 2023 results, beating expectations with a 26% YoY increase in revenue to $5bn, while gross profit increased 32% to $1.7bn.
PayPal’s net revenue rose 9% to $7.0bn (10% excluding the impact of FX) in Q1 2023, driven by a 10% rise in total payments volume to $354.5bn.
After our first analysis piece on our 2023 Cross-Border Payments Top 100 last week, this piece looks back over the versions of our map for the last five years.
Ecommerce provider Ebix saw revenues decline by 15% YoY to $242.7m, driven primarily by cross-border payments arm EbixCash.
Euronet’s Q1 2023 results see the company report solid revenue growth of 10% YoY, with the company’s Money Transfer segment increasing 6% YoY
MoneyGram quietly reported what may be its final full earnings as a public company, seeing a 3.6% YoY increase in its money transfer revenue in Q1 2023
Western Union’s Q1 23 results saw it report the fifth quarter in a row with a year-on-year drop in both total and consumer-to-consumer (C2C) revenue
Coinbase’s share price rose after it beat analyst expectations in Q1, with revenues rising 22% QoQ to $736m.
Visa and Mastercard have released their latest earnings – Q2 2023 for Visa and Q1 2023 for Mastercard
LatAm-focused remittances player Intermex is reaping the benefits of its recent acquisition of rival La Nacional, with revenues rising 26.8%.
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