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SaveOnSend

@SaveOnSend

Read, share, contribute knowledge about cross-border money transfers. Stop assuming. Start learning and saving.

Wilmington, DE Inscrit le Ekim 2014
42 Abonnements778 Abonnés
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SaveOnSend@SaveOnSend·
Another year, another Revolut annual report with no disclosure of XB P2P stats, buried deep inside “FX” and “Other” buckets. The volume may be sizable, but if it were anywhere near 50% of Wise’s or even Remitly’s, Revolut would likely be sharing it by now. revolut.com/en-US/annual-r…
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SaveOnSend@SaveOnSend

Still no disclosure from Revolut on how much of its "FX" and "Other" fee buckets come from C2C XB transfers. But combined, those two buckets — which include other services — generated less revenue than Wise’s C2C XB transfers in 2024. revolut.com/news/record_gr…

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SaveOnSend@SaveOnSend·
Felix gets infomercial placements in Bloomberg - profiling a migrant who spent more than a decade paying unaffordable fees to WU, waiting in line for hours. Luckily, recently, there was a new "digital" way to send money via Felix. Maybe Xoom, Remitly, and WU should offer that too
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Bloomberg en Español@BBGenEspanol

Las remesas digitales superaron al efectivo entre EE.UU. y México en 2025. Apps como Felix Pago, Remitly y Wise ganan terreno con menores costos y transferencias instantáneas, mientras cambian hábitos de migrantes. bloomberg.com/news/articles/…

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SaveOnSend@SaveOnSend·
If their ignorance was a bug and not a feature, they could just spend a minute on Felix's website to discover that it's charging a 2.5% FX markup plus almost 5% in cash transfer fees on a $100 amount, "generally" available within 30 minutes. felixpago.com/en/send-money/…
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SaveOnSend@SaveOnSend·
The funniest part about crypto execs like Circle's CFO pretending to wonder why remittances are not nearly instant and free is that their own solution (Felix, in Circle's case) is neither instant nor free. mckinsey.com/industries/fin…
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SaveOnSend@SaveOnSend·
In the corridors that still include competitors, Wise is showing only banks:
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SaveOnSend@SaveOnSend·
Kristo is losing the plot by obsessing over transparency at the expense of pricing. He promotes Nationwide 3.7% as if that is great news vs. HSBC 4%. He then misleads by comparing only FX markup and transparency, while the total price of many players is better than Wise.
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Kristo Käärmann@kaarmann

Be less "banker". Be more Nationwide. The 140 year-old British lender has joined the decent [and cool] kids on the block @StarlingBank and @monzo, going full transparent on their cross-border fees. Exchange rate is a perfect place to hide a fee from unsuspecting customers. Most banks and even some payment companies can't resist the temptation. It's no coincidence that @AskNationwide is structured as a membership owned by it's customers. 🤷

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SaveOnSend@SaveOnSend·
Proponents of stablecoins for remittances have to pretend the “average” take rate is 6% because fiat rails are broken. In reality, many consumers accept higher prices because cash still fits their way of life, even when they already have an account. fxcintel.com/research/repor…
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SaveOnSend@SaveOnSend·
Trump was noisy about deportations, but 2025 removals < 2024, while self-deportation is a myth. So ironically, it was mostly Mexico that saw remittance decline as the closed border choked off seasonal inflows, while growth doubled across Central America. thedialogue.org/blogs/2026/03/…
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SaveOnSend@SaveOnSend·
Intermex would still be trading in the $5-10 range with performance this bad, but WU’s digital-first vision means paying double for virtually no digital assets, so it can now spend years rationalizing physical ones. investors.intermexonline.com/node/11681/html
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SaveOnSend@SaveOnSend·
Markets have so far discounted potential disruption in remittances from the major hubs in the Middle East.
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SaveOnSend@SaveOnSend·
Based on FXC Intelligence's proprietary pricing data, the average global take rate of P2P XB transfers is 3.1%. As additional detail, WU's average take rate hovered in the 5-5.5% range between 2015-2019, then came down to ~3% by 2025.
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SaveOnSend@SaveOnSend·
After a hopeful December, remittances to Mexico declined again in January, likely due to the new U.S. remittance tax starting Jan 1, temporarily boosting December and leaving January slightly weaker. banxico.org.mx/SieInternet/co…
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SaveOnSend@SaveOnSend

After a few stressful months, the US remittances industry could breathe a sigh of relief as volumes to Mexico grew 1.9% in December, with the total decline for 2025 falling below 5%. banxico.org.mx/SieInternet/co…

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