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.
Merchants in many countries will be hoping to pick up international sales, but how might the currency conversion fees they face influence their revenue?