Western Union’s Q4 revenues declined 15% YoY to $1.1bn in 2022 (or 6% on a constant currency basis).

In its H2 and FY 22 results, Adyen reported a 49% YoY increase in processed volume to €768bn, while net revenue increased 33% YoY to €1.3bn.

Global business payments player Fleetcor beat expectations in its FY 22 results, with overall year-on-year revenue growth of 21% to $3.4bn.

Payments processor Fiserv saw GAAP revenues grow 9% to $4.63bn in Q4 2022, bringing its total for FY 2022 to $17.7bn (up 9% YoY).

Visa and Mastercard have announced their latest earnings – Q4 2022 for Mastercard and Q1 2023 for Visa. Both companies have noted revenues rising.

Alternative payment methods are seeing growing adoption in money transfers, and push-to-card is also seeing significant growth.

Receiving rates are often far less well known than sending rates, and when discussed are often assumed to be a significantly more expensive option.

The last few months have seen a flurry of new intercontinental launches for money transfer and remittances players.

Countries around the world are changing their payment infrastructure in an attempt to make cross-border payments faster, easier and safer in 2023.