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

Rhea-AI Summary

Remitly (NASDAQ: RELY) has announced the launch of Remitly One, a comprehensive financial membership program priced at $9.99 monthly. The new service transforms Remitly from a remittance provider into a broader financial services platform.

The membership includes key features: Remitly Flex for "send now, pay later" up to $250, Remitly Wallet offering 4% annual boost rewards on USD balances, and Remitly Card with no foreign transaction fees. Members can earn up to $5 monthly cash back through various financial activities.

Future expansions include multi-currency accounts supporting USDC stablecoins, U.S. credit line access in Spring 2026, and additional benefits like identity protection. The service is initially available to select U.S. customers, with broader availability planned by year-end.

Positive

• Introduction of new revenue stream through $9.99 monthly membership fees
• Expansion beyond remittance into broader financial services with multiple product offerings
• 4% annual boost rewards on USD balances in Remitly Wallet
• Planned expansion into credit services and multi-currency accounts including USDC stablecoins

Negative

• Limited initial availability to select U.S. customers only
• Monthly fee of $9.99 may deter price-sensitive customers

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

FAQ

What is Remitly One and how much does it cost?

Remitly One is a new all-in-one financial membership that includes features like Remitly Flex, Wallet, and Card. It costs $9.99 per month and is currently available to select U.S. customers.

What benefits does Remitly One membership include?

Benefits include instant access to Remitly Flex 'send now, pay later' up to $250, 4% annual boost on USD balances in Remitly Wallet, a debit card with no foreign transaction fees, and up to $5 monthly cash back rewards.

When will Remitly One's credit features become available?

Remitly plans to launch credit features for U.S. customers in Spring 2026, allowing them to establish U.S. credit history through activities like sending money.

What cryptocurrencies will Remitly One support?

Remitly One will support USDC stablecoins in their multi-currency accounts, which will be available to select eligible members later this month.

When will Remitly One be available internationally?

While currently limited to select U.S. customers with broader U.S. availability by end of 2025, Remitly is exploring support for additional countries in 2026 and beyond.