Ecommerce saw healthy growth in 2023, despite a broader slow economic recovery. After a difficult 2022, ecommerce companies saw revenues rebound.
In light of a challenging 2023, we look at the share price performance of the main publicly traded companies in cross-border payments.
The last few quarters have seen Remitly and Wise begin to overtake WU in digital money transfers revenue, and in Q3 2023 this gap widened significantly.
Black Friday and Cyber Monday have continued to set records for global commerce in 2023, despite inflation and the rising cost of living in some countries.
Earlier this month, the cross-border payments industry met in Miami for CrossTech World 2023.
Merchants in many countries will be hoping to pick up international sales, but how might the currency conversion fees they face influence their revenue?
Paysafe grew revenues by 8% to $396.4m in Q3 2023 and saw its adjusted EBITDA rise by 22% to $116.1m, backed by a payment volume rise of 8%.
Education payments specialist Flywire has reported total revenues rising by 29.5% to $123.3m in Q3 23.
FIS has reported its Q3 2023 results, with the company reaching the top end of its targets amid its ongoing cost-cutting programme.