Remitly forecast $1.978 billion to $1.988 billion in 2026 revenue on its Q2 earnings call, representing 21-22 percent year-over-year growth, while launching its Remitly Global Card product suite in phased rollout.
The revenue guidance came as the company hit record profitability and reached 10 million users in the second quarter. The card product, according to the company's announcement, is designed to let users send money, spend funds and access credit in a single account for cross-border communities.
Remitly is a public cross-border payments platform headquartered in Seattle with 10 million active customers who receive remittances and access financial services primarily across Latin America, Asia-Pacific and Africa. The company reported second-quarter revenue of $505 million, up 24 percent year-over-year, and raised its full-year 2026 forecast from prior guidance.
The Global Card launched July 30 and entered phased global rollout through the remainder of 2026. The company positioned the card as combining send, spend, save and borrow capabilities in a single product for populations that depend on cross-border money movement. Remitly said the card addresses use cases where recipients of remittances have limited access to local banking and credit products.
The 21-22 percent projected growth rate for 2026 matches the company's second-quarter year-over-year growth pace. Remitly grew user accounts 14 percent year-over-year to 10 million in Q2, while transaction volume climbed 22 percent and average transaction value increased 7 percent.
Remitly competes directly with Wise and Western Union in digital remittance corridors, particularly in lower-income regions where remittance volume to families remains a major source of household income. The Global Card extends the company beyond money movement into consumer banking and credit services, where margins and lifetime customer value exceed transaction-based remittance revenue.
The card rollout marks Remitly's entry into a competitive space where fintech platforms increasingly bundle products. Wise launched a debit card in 2021, and incumbent remittance operators have layered financial services atop core transfer functionality. Remitly's user base of 10 million is roughly one-tenth the scale of Wise's reported customer base and one-hundredth of Western Union's total consumers, placing card adoption potential at a discount to larger incumbents.
