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Remitly Global lets customers send money abroad through its app, website or messaging services. Individuals regularly send money to family and friends, while businesses use it to pay contractors, vendors and employees. Payment processors collect the sender’s funds, and local payout partners deliver the money to recipients through bank deposits, mobile wallets or cash pickup.
Nearly all revenue comes from this money-transfer service. Senders pay transaction fees, and Remitly also earns the difference between the exchange rate it offers customers and the rate at which it buys currency. Existing customers making repeat transfers drive most of the money sent. Customers mainly send from the United States, Canada, the United Kingdom and other European countries; transfers to India, Mexico and the Philippines account for a substantial share of revenue.
Remitly depends on payment and payout partners to complete transfers and relies heavily on a single cloud provider to run its service. It must maintain local financial-services licenses and comply with anti-money-laundering and other requirements. In some jurisdictions, it must segregate customer funds and hold eligible assets sufficient to cover them.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Remitly’s results hinge on recurring cross-border remittances and winning customers from rivals such as MoneyGram, which is missing from this list.
Wise Group plc competes with Remitly for people and businesses sending money abroad digitally, and explicitly names Remitly as a rival. Watch customer growth and cross-border payment volumes in Wise Account and Wise Business for signs of competition for the senders who pay Remitly transfer fees and the difference between its customer and currency-purchase exchange rates.
Western Union competes with Remitly for consumers paying to send money across borders, so its transfer pricing and service changes matter to Remitly’s customer retention. Watch its Consumer Money Transfer revenue, which accounted for 87% of total revenue in 2025, rather than treating all its businesses as a measure of remittance demand.
International Money Express, Inc. (Intermex) competes with Remitly for consumers sending money from North America to Mexico and other Latin American countries; both earn sender fees and currency-exchange spreads. Watch Intermex’s remittance business in Mexico, one of Remitly’s largest receiving countries by send volume, for demand and competition in that market.
Euronet Worldwide competes with Remitly through its Money Transfer business, which moves money across borders and exchanges currencies for consumers and businesses. Watch that segment’s revenue—it represented approximately 42% of Euronet’s total in 2025—rather than its ATM or retail payment-product businesses when assessing competition for Remitly.
Payoneer overlaps with Remitly’s expansion into business payments: small and medium-sized businesses pay Payoneer to receive international payments, manage currencies and pay suppliers, while Remitly helps businesses pay contractors, vendors and employees. Watch Payoneer’s supplier-payment business for competition in the higher-value business transfers Remitly is pursuing.
IDT Corporation’s BOSS Money competes directly with Remitly for money-transfer customers, though it sits within a smaller segment of IDT’s broader fintech and communications business. Watch BOSS Money’s customer acquisition and retention rather than IDT’s total revenue: IDT says its weaker brand recognition than Remitly and other larger rivals can make both harder.
Fed Interest Rate Decision
Remitly’s Fed interest-rate decision tracks the cost of borrowing across the economy, which can raise or lower interest expense on the variable-rate revolving credit it uses to fund peak-period and weekend transfers.
Expected4.0%Last release4.0%
If it comes in above expectations
If rates rise, Remitly may pay more interest on its variable-rate credit as it funds peak-period and weekend transfers, increasing the cost of moving customers’ money.
If it comes in below expectations
If rates fall, Remitly may pay less interest on its variable-rate credit as it funds peak-period and weekend transfers, reducing that funding cost.
Remitly Global, Inc. earningsThis company
Remitly earns from transfer fees and foreign-exchange spreads, and this report will show whether customer and send-volume growth is bringing in more revenue and operating income.
Read active-customer and send-volume growth alongside revenue, operating income, and transaction losses. If customers and volume rise with revenue and operating income, while losses remain contained relative to volume, Remitly is turning more transfers into stronger business earnings. If volume grows without comparable revenue and operating-income growth, or losses rise faster, that conversion is weakening. The conclusion is whether Remitly’s growth is producing more durable earnings from money movement.
Payoneer Global Inc. earningsPAYO
Payoneer's report will show how active its business of helping companies pay overseas suppliers is, a higher-value cross-border payment flow where it overlaps with Remitly.
Look at whether Payoneer’s supplier-payment business is growing, alongside any reported measure of its business cross-border payments. Strength in supplier payments would point to active business-payment demand and more competition in the higher-value transfers Remitly is pursuing. Weakness would offer less evidence of pressure in that specific flow. The conclusion is whether Payoneer is pressing harder in supplier payments that overlap with Remitly’s business offering.
The Western Union Company earningsWU
Western Union's report will show whether its consumer money-transfer business is holding up, offering a read on the appeal of the senders it competes with Remitly to serve.
Focus on Western Union’s Consumer Money Transfer revenue and read it alongside any disclosed transaction or pricing trends. Steady revenue and activity would suggest it is still attracting senders, leaving Remitly to compete for customer retention and the fees and foreign-exchange spreads those transfers generate. Weakness in both would offer less evidence of pressure from this rival. The conclusion is whether Western Union remains a strong consumer-transfer competitor for Remitly.
International Money Express, Inc. earningsIMXI
Intermex's report will show how its remittance business to Mexico is doing, in a major receive market where it competes with Remitly for senders.
Look at Intermex’s remittance business in Mexico against its broader remittance results. Strength in both would point to active demand in this important market and a rival competing for the same senders; weakness in Mexico while the broader business holds up would suggest pressure concentrated in that market. The conclusion is whether Remitly faces resilient activity and competition in Mexico, or weakening momentum there.
