1 Reason to Buy RELY
International remittances are a notable aspect of our ever-more globalized economy. One publicly traded company focuses intently on this activity, and is doing quite well as a specialist. This is Remitly Global (NASDAQ: RELY), and one element of the company's business in particular shows that it has vast potential in front of it.
Remitly hews to the classic international financial services model. It derives revenue chiefly from transaction fees, and the spreads between the foreign exchange rates it charges clients and those it pays for currency conversions.
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Source Fool.com
