Question · Q3 2025
Charles Nabin asked for confirmation on the estimated $15 million headwind from the epay product discontinuation and whether the resulting mid-single-digit growth rate should be considered normalized, or if promotional activity was lower. He also followed up on money transfer, asking if customers are sending larger balances less frequently, and what data or conversations provide confidence that the US-Mexico corridor's transient conditions will improve.
Answer
CFO Rick Weller confirmed the math on the epay headwind was roughly correct, attributing the mid-single-digit growth to economic pressure on discretionary spending in non-US markets and tariff impacts, with no fundamental changes in promotional activity. Regarding money transfer, Rick Weller explained that confidence in transient conditions stems from macro perspectives, noting that developed economies globally require migrant labor, and administrations often acknowledge this need, suggesting a historical ebb and flow that will resume.