Remitly partners with Etsy to give sellers more choice in how they get paid globally
Remitly will power Etsy payouts for new international sellers in 15 countries, letting them receive funds locally and manage currency conversion.
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Rhea-AI Summary
Remitly (RELY) announced a payments partnership with Etsy (ETSY), becoming an additional payout provider on Etsy Payments for new sellers in 15 countries starting this fall.
New international Etsy shop owners in select markets will be able to choose Remitly during onboarding, receive payouts through local banks or mobile wallets, and hold earnings in USD before converting to local currencies. Etsy is described as Remitly’s first marketplace partner, supporting Remitly’s move into powering payments for small and medium businesses.
Details
News Market Reaction – RELY
On Sep 9, the day this news came out, RELY closed 3.06% below the previous close. Argus tracked a trough of -5.4% from its starting point during tracking. Our momentum scanner recorded 88 alerts in the available session data. Relative volume reached 2.8x the daily average during tracking.
Data tracked by StockTitan Argus for the Sep 9 session.
Key Figures
- Countries covered
- 15 countries
- Etsy Payments partnership
AI-generated analysis. How Rhea-AI works. Not financial advice.
In Remitly's first partnership of its kind, new Etsy sellers in 15 countries will have the option to get paid locally via Remitly’s cross-border network.
SEATTLE, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today announced that it has partnered with Etsy (NYSE: ETSY) to be an additional payment provider on Etsy Payments, Etsy’s payments platform, in 15 countries. The partnership marks the next step in Remitly’s expansion beyond serving millions of individual customers into powering payments for small and medium businesses worldwide.
Starting this fall, new international sellers opening an Etsy shop in select countries will have the option to choose Remitly as their payout provider during onboarding.
For Etsy's global community of creative entrepreneurs, getting paid reliably and on time is critical. “Etsy Payments enables sellers around the world to access secure and flexible payments solutions,” said Megan Oxman, Senior Director of Product at Etsy. “Adding Remity’s payments platform as an option in Etsy Payments will give many sellers another dependable way to get paid, through the local banks and wallets they already use.”
When receiving their payout with Remitly, Etsy sellers can hold their earnings in USD and convert to their local currencies on their own terms, depositing income straight to their bank accounts or mobile wallets.
“Etsy is Remitly’s first marketplace partner and a model for what's ahead: taking the payment network that millions of receivers already trust and putting it to work for businesses,” said Ankur Tiwari, VP and General Manager of Remitly Business.
About Remitly (NASDAQ: RELY)
Remitly is a trusted provider of financial services that transcend borders. With a global footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across the globe.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who will be eligible to use Remitly as a payout option on Etsy?
Starting this fall, new international sellers opening an Etsy shop in select countries will be able to choose Remitly as their payout provider during onboarding.
What benefits does Remitly provide to Etsy sellers in this partnership?
Etsy sellers using Remitly can receive payouts via local banks or mobile wallets, hold their earnings in USD, and convert to their local currencies on their own terms before depositing funds.
How does this partnership fit into Remitly’s broader business strategy?
The company describes Etsy as Remitly’s first marketplace partner and presents the partnership as a step in expanding from serving individual customers to powering payments for small and medium businesses worldwide.