Remitly Is Disrupting Cross-Border Payments. Is the Stock a Long-Term Winner?
It's a big market. It's just waiting on a service provider with a superior, unified technology.
Remitly Is Disrupting Cross-Border Payments. Is the Stock a Long-Term Winner?
Overview
If you've ever wired money overseas, you know it's not nearly as easy as using fintech platforms like Zelle or PayPal's (NASDAQ: PYPL) Venmo within the U.S. Indeed, moving money beyond the United States' border can be surprisingly complicated and time-consuming; these transactions are highly regulated.
Nevertheless, the need is there, with some estimates putting the outbound (from the U.S.) amount alone at around $200 billion per year.
Details
Enter Remitly Global (NASDAQ: RELY).
Source
Originally published at www.fool.com.
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