Cross-Border B2B Payments: Continuous Improvement Underway

No other global payments innovation effort has garnered as much recent attention as cross-border payments, where improved user experiences have been a focal point for the financial services industry. While the early concern was around greater access and lower costs for these payments in person-to-person scenarios, the efforts naturally progressed into all aspects of the cross-border industry, including cross-border B2B payments—the impacted use cases in the cross-border run across remittance, retail, disbursements, and wholesale scenarios.

This Mercator Advisory Group Report estimates the size of the cross-border commercial payments market across these defined individual use cases, reviews the traditional settlement methods, and discusses how innovation continues to improve the business-to-business (B2B) crossborder payments experience. Readers will understand the latest developments in how networks, processors, banks, fintechs, and central banks collaborate to substantially improve the delivery of
cross-border payments, with an emphasis on the B2B market segment, which is by far the most significant portion of these international value exchanges.

This report is 17 pages long and has 4 exhibits.

Companies mentioned in this report include: American Express, Bank for International Settlements, Convera, Copay, DBS Bank, Discover, Financial Stability Board, Goldman Sachs, International Finance Corporation, JCB, JP Morgan, Mastercard, Monetary Authority of Singapore, SBI Digital Assets Holdings, SWIFT, The Bank of Thailand, The BIS Innovation Hub Hong Kong Centre, The Central Bank of the United Arab Emirates, The Clearing House, The Digital Currency Institute of the People's Bank of China, The Hong Kong Monetary Authority, Union Pay, Visa, Worldpay.