Remitly and Corpay’s Corporate Payments segment surpassed $1bn in revenues in 2024, with Payoneer nearing the mark and expected to cross it in 2025.
Two years on from its launch, the the Pan-African Payment and Settlement System (PAPSS) continues to grow as new participants come online.
Cross-border payments data from China’s State Administration of Foreign Exchange shows that the yuan now accounts for the majority of transactions.
Stripe has published its annual letter, providing a limited view of its finances alongside a broader sense of the company’s strategy and ongoing priorities.
Intermex’s revenue stayed flat at $658.6m in FY 2024, with a slowdown in Latin America leading to a -0.8% decline in annual principal sent to $24.4bn.
Visa’s recent investor day saw it give a substantial update on Visa Direct, including that the platform saw nearly 10 billion transactions in 2024.
Payments processor Flywire saw revenue rise 17% to $118m in Q4 2024, driving full-year growth of 22% to $492m, behind expectations for the year.
Standard Chartered’s FY 2024 results saw it both centre cross-border payments in its overall strategy and outline ambitious targets for its CIB division.
Several recent valuations have seen key cross-border payments companies’ potential sale price move. What does it tell us about the potential IPO landscape?