Online money transfer app usage surged 11% in July according to App Annie data, translating into likely quarterly revenue gains. Such retail adoption rates often precede upward stock revisions by market analysts. Join 200,000+ readers and get Moneywise’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now. Instant transfers available: With some apps, you can transfer funds and the recipient can receive the money within minutes. The online money transfer sector benefits from a stable trend in FX spreads, with current averages near 0.47%. Consistency in spread sizes supports predictable profitability, aiding in stock valuation confidence.
