Remitly

RELY

Market cap $5.31B

Remitly is delivering strong market share gains in the remittance market. At the same time, its profits are soaring.

ABU DHABI, July 09, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) is among the first international remittance companies to secure a Stored Value Facilities (SVF) license with Exchange Business Category IV from the Central Bank of the UAE, a major milestone in one of the world's largest remittance markets. This authorization further extends Remitly's regulated global footprint and our service to customers across more than 175 countries, strengthening our position for long term growth in the region. The license follows a rigorous review process with the CBUAE and reflects the formal recognition of Remitly's commitment to the UAE and its customers. With the license secured, Remitly will be able to bring new products, purpose-built to serve UAE customers.

Mastercard maintains a dominant global payments network with high net margins and consistent profitability. Remitly Global is a high-growth digital disruptor focused on the international money transfer market for migrants.

V, PAY, CPAY, SEZL and RELY are five mobile payments stocks positioned to benefit from the long-term shift to cashless payments.

Remitly Global is a fast-growing digital disruptor in the $800 billion global remittance market. Visa is a global payments powerhouse with industry-leading net margins and massive scale.

Remitly Global is now profitable, with strong revenue growth and expanding customer base, especially among high-value senders and business clients. RELY raised full-year guidance after Q1 2026, projecting $1.96–$1.975 billion revenue and $370–$385 million adjusted EBITDA, reflecting accelerating growth initiatives. Strategic expansion into new customer segments and geographies, plus integrations like WhatsApp and ChatGPT, support a bullish long-term outlook.

Mastercard maintains a dominant position in the global payments ecosystem with net margins consistently near 46%. Remitly Global is a high-growth disruptor in the international remittance market that recently achieved positive net income.

Remitly Global, Inc. (RELY) Presents at Bank of America Global Research C-Suite TMT Conference Transcript

Fintech consolidation is heating up as scaled payments, banking, and brokerage players hunt for vertical specialists with profitable unit economics.

What previously required multi-step communications, relatively expensive infrastructure, and time can now be efficiently accomplished by the savvy use of mobile technology. The transition in payment methods creates an opportunity for the right service provider to win market share.