Last week, Airwallex announced that it had raised $300m in a Series F funding round that saw its valuation climb to an all-time high of $6.2bn.

A number of major banks and payment brands have signed partnerships to adopt stablecoins into cross-border focused offerings in recent months.

This week, our VP of Cards & Global Indices presented a talk at Point Zero Forum on performance against the G20 Roadmap for Enhancing Cross-Border Payments.

Standard Chartered’s Q1 25 results saw the company post solid top-line results and centre its cross-border and network presence.

Mastercard and Visa have announced their calendar Q1 25 results and while market conditions present challenges, both reported strong cross-border metrics.

PayPal has announced its Q1 25 results, seeing a 1% increase in net revenues to $7.8bn, as the company moves towards a single commerce platform model.

Euronet’s money transfer segment (Ria and Xe) grew revenue 9% YoY to $417.7m in Q1 25, contributing to record overall Q1 revenues of $915.5m, up 7%.

Historically, China has been a difficult market to enter. However, a wave of recent partnerships is helping drive the movement of money.

Western Union saw a mixed quarter in Q1 25, with revenue falling -6% YoY to $984m due to slowing contributions from Iraq and changing migration patterns.