Competitive PressureOutperformance vs. remittance peers this quarter demonstrates material market share gains, particularly in Mexico inbound where RELY grew faster than company average despite a down quarter for total Mexico inbound remittances.
Investor ConcernsStock underperformance is attributed to investor concerns about immigration policy, remittance taxes, stablecoins, and competition.
Market PerceptionThe introduction of new products and services may help mitigate the perception of the company as a 'one-trick pony' and enhance customer relationships.