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Remitly Announces Remitly One, A New All-in-One Financial Membership for Global Life

1. Remitly launched Remitly One, enhancing cross-border financial services. 2. New services include flexible funding and a secure wallet for users. 3. Membership allows cash back rewards and future multi-currency accounts. 4. Expansion plans for additional countries set for 2026 and beyond. 5. Remitly aims to transition from remittance provider to a financial partner.

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FAQ

Why Bullish?

The launch of Remitly One likely improves customer retention and revenue opportunities, similar to how subscription services boosted earnings for companies like Visa and PayPal in the past. Offering more diverse and attractive financial products can lead to increased customer acquisition and market share.

How important is it?

The comprehensive financial service model has potential to increase user base and enhance loyalty, directly influencing RELY's market performance. The strategic expansion and new features alike resonate with market trends favoring integrated financial solutions.

Why Long Term?

This initiative is expected to enhance user engagement and revenue generation over time, similar to how companies such as Square evolved by adding new financial services. The long-term impact will depend on customer adoption rates and successful expansions.

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SEATTLE, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ:RELY) ("Remitly"), a trusted provider of digital financial services that transcend borders, today announced the launch of Remitly One, a new all-in-one financial membership designed to help customers move, manage, and grow their money across borders. 

"For too long, managing money across borders has been harder, riskier, and more expensive than it should be," said Matt Oppenheimer, Remitly Co-founder and CEO. "Remitly One is built to change that. It marks our evolution from a remittance provider to a trusted financial partner helping customers build stability, flexibility, and opportunity into their everyday lives."

Remitly One launches today with a suite of Remitly products and benefits, including:

  • Remitly Flex, a flexible funding solution that enables customers to "send now, pay later" up to $250 with no interest. Eligible customers can access Flex for free, with funds available in three days, but members unlock instant access to funding, multiple withdrawals up to the approved limit, and flexible repayment.
  • Remitly Wallet, a secure place for customers to hold money right in the Remitly app. Remitly Wallet is free to use, but Remitly One members earn a 4% annual boost cash reward on USD balances stored in their Remitly Wallet.
  • Remitly Card, spend directly from Remitly Wallet with a debit card with no foreign transaction fees. Available in early access to Remitly One members only.
  • Cash Back Rewards enable Remitly One members to earn up to $5 cash back per month through simple financial activities like adding funds to their Wallet or setting up autopay for Flex. 

"We're moving from transactional to transformational with a trusted financial membership that grows with our customers," said Ankur Sinha, Remitly Chief Product and Technology Officer.

Remitly also announced its planned expansion of benefits for Remitly One members:

  • Multi-Currency Accounts: Later this month, select eligible Remitly One members will be able to hold multiple currencies – including USDC stablecoins – directly in their Remitly Wallet.
  • Credit: Beginning in Spring 2026, U.S. customers will be able to open a Remitly line of credit to start establishing a U.S. credit history through simple activities like sending money.
  • Additional Rewards and Benefits: Remitly One members will receive access to third-party benefits such as identity protection and credit monitoring, as well as exclusive Remitly rewards.

Remitly One membership is available now to select eligible U.S. customers for a monthly fee of $9.99, with broader U.S. availability to follow by end of year. They are exploring support for additional countries in 2026 and beyond. For more information about Remitly One, please visit Remitly.events.

About Remitly

Remitly is a trusted provider of digital financial services that transcend borders. With a global footprint spanning more than 170 countries, Remitly's digitally native, cross-border payments app delights customers with a fast, reliable, and transparent money movement experience. Building on its strong foundation, Remitly is expanding its suite of products to further its vision and transform lives around the world.

Contacts

Media Inquiries:

Ali Sylte

press@remitly.com

Investor Relations:

Luv Sodha

ir@remitly.com



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