1- Can you please share how Remitly sends money, does money move across borders unlike wise? How they actually send money abroad, using same correspondent old banking system or they have developed their own infrastructure?
2- Their take rate is 2% even for digital transfer vs wise of 0.7% and overtime, cash pickup and other Remitly solutions would move digital as well. In 2060, more money would move digitally than cash, then how come they earn money from dying engine?
Thanks a lot for sharing.
1- Can you please share how Remitly sends money, does money move across borders unlike wise? How they actually send money abroad, using same correspondent old banking system or they have developed their own infrastructure?
2- Their take rate is 2% even for digital transfer vs wise of 0.7% and overtime, cash pickup and other Remitly solutions would move digital as well. In 2060, more money would move digitally than cash, then how come they earn money from dying engine?
your guidance would be appreciated.