Euronet experiences boosted growth in Q1 2025, thanks to Digital and Dandelion contributions.
In a positive development for global money transfer services, Euronet's money transfer segment, which encompasses Ria and Xe, demonstrated robust growth in the first quarter of 2025. The segment's revenue increased by 9% year-over-year to reach $417.7 million, contributing significantly to Euronet's overall Q1 revenues, which soared to a record $915.5 million, marking an increase of 7% compared to the previous year[1].
The growth in the money transfer segment was further underscored by a 15% rise in the adjusted EBITDA to $51.3 million in Q1 2025[1]. The segment's margin remained consistent at 12% during the same period[1].
Ria and Xe continue to expand their digital and omnichannel offerings, catering to an impressive 3.2 billion mobile wallet accounts and 4 billion bank accounts globally[2]. Ria's focus on bridging digital and physical spaces is evident through its range of products, including real-time payments, mobile wallets, home delivery, and cardless ATM payouts, all powered by the Dandelion real-time, cross-border payments network[2].
For 2025, Euronet aims to tap into more of the consumer money transfers market through the expansion of its Dandelion B2B2X platform and integration with Visa Direct. One of the strategies for this expansion involves enhancing digital salary payments and financial access, as demonstrated by Ria's recent approval to disburse digital wage payments via the Ria Wallet for Malaysia's migrant workforce[3]. This move addresses the large unbanked migrant population and streamlines payroll management in cash-centric industries such as construction and agriculture[3].
The company's focus on digital and omnichannel innovations is expected to capture more consumer money transfer business globally in 2025, supported by partnerships and regulatory advancements that improve market accessibility and customer convenience[1][2][3].
[1] Euronet Worldwide, Inc. (2025). Euronet Reports First Quarter 2025 Results. [Online] Available at: https://www.euronetworldwide.com/investors/news/press-releases/detail/124/euronet-reports-first-quarter-2025-results
[2] Euronet Worldwide, Inc. (2025). Euronet's Ria Announces Partnership with Visa Direct for Cross-Border Digital Payments. [Online] Available at: https://www.euronetworldwide.com/investors/news/press-releases/detail/125/euronets-ria-announces-partnership-with-visa-direct-for
[3] Euronet Worldwide, Inc. (2025). Euronet's Ria Receives Approval to Disburse Digital Wage Payments in Malaysia. [Online] Available at: https://www.euronetworldwide.com/investors/news/press-releases/detail/126/euronets-ria-receives-approval-to-disburse-digital-wage-payments-in-malaysia
The growth in the money transfer segment, composed of Ria and Xe, was not only driven by robust financial performance but also by expansion into digital and omnichannel services, catering to a vast network of mobile wallet accounts and bank accounts worldwide. Enhanced digital offerings, such as the Dandelion real-time, cross-border payments network, and strategic initiatives like partnerships with Visa Direct and digital wage payments for the unbanked migrant population, aim to capture more consumer money transfer business through technology and finance advancements in 2025.
