OFX Group (ASX:OFX) has posted a 45.6% YoY increase in net operating income to $214.1M for FY2023.

The international money services provider highlighted an underlying EBITDA of $62.4M, up 40.3% YoY.

The firm also reported its acquisition of Paytron, a B2B payments firm, which will help OFX expand its services for B2B clients, and the investment is worth approximately $6M within the first year.

In addition, OFX announced an on-market share buy-back program for up to 10% of its ordinary shares over the next year.