Payment Industry Analysis

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.
Interchange fees are once again in the news, but what are they and why can they prove contentious?
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.
A year after it launched, PayPal’s US dollar-pegged stablecoin PayPal USD (PYUSD) has reached a market capitalisation of over $1bn for the first time.
Earlier this month, Airwallex announced that it had passed $100bn in annualised transaction volume for the first time in a rare release of financial data.
Multicurrency accounts are helping to drive ever-greater customer balances, but how much is it driving interest income growth?
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.
Money transfer remittances player Intermex saw an expected slowdown in growth in Q2 2024, with revenue rising 1.4% YoY to $171.5m
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