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  • Kezia Johnson

    Senior Communications Executive


    07399927447
    https://www.linkedin.com/in/kezia-johnson-b2044b151/
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    Consumer money transfer industry needs to cut send costs by 27% each year to reach G20 targets: FXC Intelligence analysis

      -          To meet G20 targets to improve speed, cost, access and transparency by 2027, the consumer money transfer industry will need to reduce send costs by 27% each year. -          This is according to new FXC Intelligence analysis  of the Financial Stability Board’s annual report on meeting the G20 targets set for 2027 , which

    New data analysis shows TikTok takes 77% cut of Gift payments sent to creators

    · New data analysis  from FXC Intelligence, the leading provider of cross-border payments data and intelligence, shows that Tiktok takes 77% of Gifts users send to creators. · FXC Intelligence conservatively estimates that in 2023, users in Europe alone sent Gifts worth $1.8bn-2.2bn to creators, who would have received around $418m-511m. · Using FXC Intelligence’s lowest estimates for TikTok Europe’s live streaming revenue for 2023, it is likely that the total global revenue for livestreaming gifts sits at around $5bn.

    The Global Most Promising Cross-Border Payments Companies for 2024

    ●        Today, FXC Intelligence published the Global Most Promising Cross-Border Payments Companies for 2024 . ●        Now in its second year, the Global Most Promising Cross-Border Payments Companies is published to celebrate companies that are future leaders in the industry. ●        With over 15,000 players in the cross-border payments space, companies that make the list have to fulfill strict criteria.   Today, FXC Intelligence, the market leading provider of

    FXC Intelligence to announce the Global Most Promising Cross-Border Payments Companies for 2024

    ●        This Thursday, FXC Intelligence will announce the Global Most Promising Cross-Border Payments Companies for 2024. ●        Now in its second year, the Global Most Promising Cross-Border Payments Companies is published to celebrate companies that are future leaders in the industry. ●        With over 15,000 players in the cross-border payments space, companies that make the list have to fulfil strict criteria.   This Thursday, FXC Intelligence, the market-leading provider of cross-border payments data and intelligence, will announce the Global Most Promising Cross-Border

    Banks take 92% of global B2B payments – but are still waking up to $56tn opportunity

    ●        Exclusive FXC Intelligence market sizing data released as part of a landmark report on the state of banks  shows that in 2023 the entire B2B cross-border payments market saw payment flows of $30.2tn globally. Of that, $27.8tn was handled by banks, or 92%. ●        Despite banks dwarfing non-bank players and making significant revenue from cross-border payments, Standard Chartered is the only major bank of the 13 analysed to directly report data on this revenue regularly. ●

    Klarna on track to halve its workforce with AI by the end of 2025

    · At current rates, Klarna will reach its AI-supported target of cutting half its workforce by the end of 2025, according to new analysis  from FXC Intelligence, the leading provider of cross-border payments data and intelligence. · Klarna’s prolific use of AI to reduce costs is working, with company financials showing that it is starting to return to profitability after several years of  losses. · This may be coming at the expense of workforce satisfaction however, with Klarna’s average rating on Glassdoor declining from

    FedNow: the numbers one-year on

    · To coincide with the one-year anniversary of FedNow this July, FXC Intelligence is looking at the progress of the US Federal Reserve’s instant payments rail in a new report . · As of the end of June, more than 800 financial institutions across the US have adopted FedNow. This is up significantly when compared to the 35 participating institutions when FedNow first launched, however it is still some way off its goal to onboard up to around 8,000 institutions in the US. · The cross-border potential of FedNow remains elusive,

    Payment processors report continued growth in Q1 2024

    · FXC Intelligence, the market-leading provider of cross-border payments data and intelligence, today released its report  on the key trends for payment processors in Q1 2024. · Payment processors grew again in the first quarter of 2024, though in some cases revenue growth hasn’t been as strong as in previous years. · Paypal continues to lead the industry, reporting revenues higher than its two closest competitors, Fiserv and Global Payments.FXC Intelligence, the market-leading provider of cross-border

    Exclusive: Women account for just 26% of senior leadership roles in cross-border payments

    · FXC Intelligence published an industry-first report  today investigating female representation in senior roles in the cross-border payments industry. · The report found that women account for just 26% of senior leadership roles in the assessed companies. · This comes as Ida Rolek-Kononiuk, VP of Technology at FXC Intelligence, has been selected for Money20/20 Europe’s exclusive 2024 RiseUp cohort, with Lucy Ingham, Editor-in-Chief and Head of Content at FXC Intelligence, delivering a presentation at

    Remittance industry continues to grow in Q1 2024 as digital becomes battleground – FXC Intelligence analysis

    · New analysis reveals growth in the remittance industry throughout Q1 2024, according to a report  published today by FXC Intelligence. · Western Union leads in remittance revenue, however the gap between competitors is closing.  · Earnings calls saw frequent mentions of ‘digital’, ‘growth’ and ‘opportunity’ as companies look to grow their share of the global market.New analysis  from FXC Intelligence, the market-leading provider of cross-

    FXC Intelligence available for cross-border payments interviews during Money20/20 Europe next week

    Daniel Webber, CEO and Founder at FXC Intelligence, will be attending Money20/20 next week in Amsterdam. He will be accompanied by members of the FXC Intelligence leadership team, who will be available for meetings and interviews during the conference.  Lucy Ingham, Editor-in-Chief and Head of Content at FXC Intelligence, will be presenting a session ‘What We Got Wrong About SuperApps’ on Tuesday 4 June between 16:10 and 16:30 on the Horizon Stage.  Ida Rolek-Kononiuk, VP of Technology at FXC Intelligence, will also be in attendance and has been selected to join the Money20/20 2024

    Revealed: The key trends behind the world’s leading cross-border payments companies

    · FXC Intelligence, the leading provider of cross-border payments data and intelligence, last week published the sixth annual Cross-Border Payments 100 , the definitive benchmark of the most important players in the industry. · Today, FXC Intelligence shares a new report  featuring analysis of the data behind the companies included in this year’s Top 100 – how long they’ve been around, who’s leading them, who’s backing

    The Cross-Border Payments 100 reveals the world’s most important payments providers

    · Today, FXC Intelligence published The 2024 Cross-Border Payments 100 .  · Now in its sixth year, the Cross-Border Payments 100 is published annually to celebrate the most important players in the cross border payments industry. · With over 15,000 players in the cross border payments space, the companies that make the list have to fulfill a strict criteria.Today, FXC Intelligence published The 2024 Cross-Border Payments 100 

    FXC Intelligence to announce the top 100 cross-border payments companies for 2024

    · This Thursday, FXC Intelligence will announce the top 100 cross-border payments companies. · Now in its sixth year, FXC Intelligence’s Cross-Border Payments 100 is announced annually to celebrate the most important cross-border payments players in the world. It is widely recognised as the definitive benchmark of the most important players in the industry. · With over 15,000 players in the cross-border payments space, companies that make the list have to fulfill a strict criteria.This Thursday, FXC Intelligence will announce the 2024 Cross-Border Payments 100. Now in its sixth

    Remittances’ cash premium revealed to hit vulnerable customers the hardest

    · New data  from FXC Intelligence shows that cash pay-outs are consistently more expensive than those to bank accounts – an issue that is likely to be felt most harshly by vulnerable customers. · Using FXC Intelligence’s FX pricing dataset, it was calculated that sending $500 from the US cost on average an extra $5.55 in March to send if paying out in cash instead of paying into the recipient's bank account.Today, FXC Intelligence published a report 

    Exclusive data from FXC Intelligence demonstrates the significance of PSD3

    · FXC Intelligence publishes a new report analysing the impact that PSD3, a new amendment to the EU payment regulations, could have on the cross-border payments industry. · Exclusive data from FXC Intelligence uncovers the size of the European payments market, with $11.94tn sent from the EEA to other countries globally in 2022. · Although preparing for new regulations can be burdensome to payments providers, the report concludes that the benefits of building a more harmonious national payment system across the EU will complement the growing global B2B and consumer money transfers market.

    New analysis reveals which money transfer companies have the best customer ratings

    · New analysis  from FXC Intelligence reveals the money transfer companies with the best customer ratings in the latest report from the market leading provider of cross-border data and intelligence. · In a landscape where digital is becoming increasingly prevalent, online reviews are a valuable indicator of the focus companies are placing on their digital growth. · Of the 12 companies we assessed for this report, most had strong combined customer ratings in 2024.Today, FXC Intelligence published its

    FXC Intelligence announces data and intelligence partnership with Intermex

    · FXC Intelligence, the market leading provider of cross-border payments data and intelligence, has signed a strategic partnership with Intermex, a leading omnichannel money transfer service provider. · FXC Intelligence will begin by providing Intermex with market-leading data via its pricing platform to support Intermex’s continued growth of its digital strategy and extending its global reach. · The FX pricing datasets provide rich insights into pricing and speeds across more than 25,000 corridors, covering around 700 providers across over 110 countries.FXC Intelligence, the market-

    Payment processors finding a new normal following post-pandemic austerity

    · New analysis  from FXC Intelligence shows payment processors are beginning to find a new post-pandemic normal after consumer belt-tightening made for a challenging FY 2023. · Every player saw revenue growth in 2023, however most players saw lower growth rates than in 2022, even among those on strong growth trajectories. · The widespread discussions of macroeconomic conditions during earnings calls finally appeared to decline by Q4, with 2024 expected to be easier for payment processors.

    AI mentions by payments companies grew 1,170% year-over year between 2022 and 2023

    · New data from FXC Intelligence analysis of 2023 earnings calls shows AI is growing in importance for payments companies, with frequency of AI mentions increasing by 1,170% year-over year between 2022 and 2023. · There was a 31% increase in the number of companies mentioning AI. Most significantly, generative AI – which had no mentionals at all prior to 2023 – was mentioned by 75% of companies. · AI applications largely focused on fraud protection and risk management; customer service and experience improvements; and productivity or cost gains.A new report by FXC Intelligence,

    FXC Intelligence announces data and intelligence partnership with Remitly

    · FXC Intelligence, the leading provider of cross-border payments data and intelligence, has renewed its strategic partnership with Remitly, a trusted provider of digital financial services that transcend borders. · FXC Intelligence will provide Remitly with its market-leading remittances pricing data via its pricing platform. · The FX pricing datasets provide rich insights into pricing and speeds across more than 25,000 corridors, covering around 700 providers across over 110 countries.FXC Intelligence has signed an extended data and intelligence partnership with Remitly, one of the

    New data suggests Xoom PYUSD-based transfers could cut transfer costs by 25%

    · Paypal has announced that it will be pairing its stablecoin PYUSD with its remittance arm, Xoom, to offer customers a fee-free remittance service. · FXC Intelligence analysis  using its in-house pricing data suggests that this could reduce the cost of sending remittances via Xoom by 25% when compared to its traditional remittance transfers, based on Paypal’s current pricing strategy. · This move has the potential to grow the adoption of PYUSD and, if handled correctly, relaunch Xoom, which until

    The cross-border payments potential of Pix

    · Pix, Brazil’s central bank-backed instant payments system, has become highly successful since its launch in 2020. · A new FXC Intelligence report  analysed the growth of Pix and its cross-border potential. · According to FXC Intelligence data, inbound consumer remittances into Brazil grew by 21% in 2022, which suggests that cross-border consumer payments could be a huge and growing potential market for the instant payments system.An FXC Intelligence report 

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