Online money transfers fintech analysts highlight online money

Fintech analysts highlight online money transfers as a defensive growth sector amid global inflation concerns. Higher transaction volumes in stable currencies are cushioning volatility in exchange rates, supporting consistent earnings momentum. By the next morning, her money was gone anyway. All $2,000. We’ve analysed a range of popular apps for currency transfer, looking at the range of currencies on offer, the rates and charges, and customer service reviews. You can see our full methodology below. Online money transfers sector is posting strong gains as fintech adoption accelerates. Western Union (WU) stock rose 2.5% after reporting a 6% YoY increase in digital transaction revenue, benefiting from emerging market currency stability, which boosts global transfer demand.