Joe Baker

London

Senior Copywriter at FXC Intelligence

Copywriter @FXCIntelligence. Video games, movies, running, white wine. Darling! Such fun.

Featured in: Favicon

fxcintel.com Favicon

medium.com Favicon

msn.com

einnews.com Favicon

cyclingweekly.com Favicon

verdict.co.uk Favicon

airport-technology.com Favicon

railway-technology.com Favicon

just-drinks.com Favicon

ship-technology.com + 8 more

Articles

Digital and Dandelion drive Euronet growth in Q1 2025

2 weeks ago | fxcintel.com | Joe Baker

Euronet’s money transfer segment (containing Ria and Xe) grew revenue 9% YoY to $417.7m in Q1 2025, contributing to Euronet’s record overall Q1 revenues of $915.5m, up 7%. As the company expands its Dandelion B2B2X platform and integrates with Visa Direct, it aims to tap into more of the consumer money transfers market this year. Money transfers growth showed in profitability too, with the segment’s adjusted EBITDA rising 15% to $51.3m, driving a margin of 12% (consistent with last year).
China sees growth in cross-border payments partnerships

2 weeks ago | fxcintel.com | Joe Baker

Historically, China has been a difficult market to enter due to a mix of regulatory and structural barriers. However, a wave of recent partnerships is helping drive the movement of money into and out of the country. Most recently, PayPal announced a deal with Tencent to enable remittances via its Xoom platform to WeChat Pay in China.
Western Union sees digital growth, core markets slow in Q1 25

2 weeks ago | fxcintel.com | Joe Baker

Western Union saw another mixed quarter in Q1 2025, with revenue falling -6% YoY to $984m on a reported basis due to slowing contributions from Iraq and changing migration patterns in Latin America. However, the company has continued to drive digital growth and push for diversification, including the acquisition of UK-based money travel provider Eurochange. Western Union’s Consumer Money Transfers (CMT) segment declined -9% to $873m; excluding Iraq, this was down -2% on an adjusted basis.
How digital is reshaping the money transfers industry

4 weeks ago | fxcintel.com | Joe Baker

The strong digital performance of public money transfers players underscores the continued shift towards digital adoption in consumer money transfers and remittances. In this report, we explore what’s driving the shift, where cash still plays a role and key trends for the consumer money transfer space in the future. The consumer money transfers industry presents a massive opportunity: a global TAM of $2tn in 2024 that will grow to $3.1tn by 2032, according to our market sizing data.
Investor day insights

1 month ago | fxcintel.com | Joe Baker

At its Capital Markets Day (or Owners Day) last week, money transfer provider Wise highlighted its latest growth figures, while discussing the next phase of its ambitious growth plans for investment. Here are the key findings from its presentation and preliminary FY 2025 results. At its recent investor day, Wise remained clear on its ultimate mission – providing convenient, low-cost and fast transfers globally.
Cross-border payments’ latest $1bn+ revenue players

1 month ago | fxcintel.com | Joe Baker

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. Back in June, Wise reported its second $1bn+ year in its FY 2024 results (year-end 31 March 2024, converted from GBP), after previously passing the milestone in FY 2023. Other businesses in the cross-border payments space – Western Union, MoneyGram and PayPal to name just a few – have reported $1bn+ annual revenues for a long time.
CEO John Caplan on FY 24

2 months ago | fxcintel.com | Daniel Webber |Joe Baker

Payoneer saw a strong FY 2024 on the back of a surge of B2B volumes. We speak to CEO John Caplan about how the company is aiming to grow its share of this multi-trillion dollar market, as well as the impact of its recent acquisition in China. Payoneer’s revenue grew 18% to $977.7m in 2024, on the back of a 21% rise in annual volumes to $80bn. The SMB-focused payments processor continued to see strong growth in B2B volumes, which increased 42% YoY in 2024, surpassing the company’s 25% target.
Intermex suspends sale review as it targets digital in 2025

2 months ago | fxcintel.com | Joe Baker

Intermex’s revenue stayed flat at $658.6m in FY 2024, with a slowdown in its core market of Latin America leading to a -0.8% decline in annual principal sent to $24.4bn. However, the company did see a 1% increase in its adjusted EBITDA to $121.3m. As well as releasing its latest earnings, Intermex held an Investor Day event (its first since March 2022) at which it spoke more about the company’s growth plans, with a strong focus on growing its digital market share.
CEO Matt Oppenheimer on 2024

2 months ago | fxcintel.com | Daniel Webber |Joe Baker

Remitly moved from strength to strength in 2024, comfortably beating its upper-range forecasts and surpassing $1bn in annual revenue for the first time. We speak to CEO Matt Oppenheimer about how the digital remittance player plans to unlock further growth in 2025. Remitly continued its growth streak in Q4 2024 with revenue rising 33% YoY to $352m, driving full year growth of 34% to $1.26bn.
Visa taps into global payments opportunity with Visa Direct

2 months ago | fxcintel.com | Joe Baker

During its investor day last week, Visa gave a substantial update on Visa Direct – its B2B2X solution enabling businesses, banks and governments to enable P2P, B2B, B2C and government-to-consumer (G2C) payments globally. The platform saw nearly 10 billion transactions in 2024, but in terms of the global opportunity, Visa is just getting started.