Data from China’s State Administration of Foreign Exchange shows that the volume of inbound cross-border payments in CNY has outstripped those in USD.

Intermex saw revenues rise in Q1 2024, meeting the lower end of expectations as the company reported softness across the the US-Mexico corridor.

US-based Flywire saw revenues rise by 21% YoY to $114.1m in Q1 2024, however changes to student admittance policies in Canada were a headwind.

Euronet (which owns Ria and Xe) was propelled by international transactions in Q1 2024, with particular strength from its Electronic Funds Transfer segment.

Both Visa and Mastercard have now reported calendar Q1 2024 results, with a positive quarter for the two companies as net revenue increased 10% for both.

PayPal has announced its Q1 2024 results and while the company continues to be in a transition year, it has reported top-line results ahead of expectations.

Santander’s PagoNxt saw revenues rise 16% (13% in constant euros) to €283m in Q4, and has also reported its quarterly EBITDA margin for the first time.

We’ve taken a closer look at how instant payment systems UPI and Pix compare, including their cross-border capabilities.

Western Union has reported its Q1 2024 results, top-line revenue growth of 1% on a reported basis masking stronger growth in key segments.