Key factors that are likely to drive OFX Group’s(ASX: OFX) 2HFY24 earnings.

Tue 16 Apr 24, 12:57 AM | Team Kalkine

Image source: Pexels

Highlights

OFX Group Limited (ASX: OFX) is an international payment specialist which offers money transfer and forex services across over 50 countries. The Sydney-based firm has a presence in nine countries and it mainly caters to enterprise, corporate and consumer clients.

The cross-border payments firm witnessed around 9.31% YoY rise in its operating income in the first half of the financial year 2024 to AUD 115.10 million, backed by B2B segment which showed continuous growth across all regions. Its B2C segment witnessed the return of some high-value use cases.

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