Global Digitalisation fuels Cross Border Payments
The digitalisation of the world is blurring the physical borders between countries and driving the growth of cross border payments. The global cross border payment market is growing at 5% per annum and is expected to reach US$ 156 trillion in 2022.
Changing consumer demands, increasing trade with emerging markets, and improved accessibility of mobile phones and electronic payments are reshaping global cross border payments.
While banks used to be at the centre of the cross border payments market, Fintech companies are increasingly being sought to create solutions that make payments more instant, secure and transparent.
How can Fintech companies partner with key market players to meet customer requirements?
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