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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279639
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279639
Global Cross-border Payments Market Size study & Forecast, by Transaction Type (Business-To-Business, Consumer-To-Business, Business-To-Consumer, Consumer-To-Consumer ) by Organization Size, by End-use Industry and Regional Analysis, 2022-2029
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Global Cross-border Payments Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Cross-border payments also known as international payments are transactions in which the payer (customer) and the recipient of the transaction (merchant) are not based in the same country. These transactions are conducted for various purposes including international trade, foreign investment, personal remittances, and tourism. The availability of digital payment alternatives, the emergence of new payment technologies, coupled with the increase in the trend of cashless transactions in emerging economies are some prominent factors that are propelling the market demand around the world.
In addition, the rapid surge in e-commerce transactions is acting as a major catalyzing factor for the growth of the global market. According to Statista, in 2021, overall digital e-commerce transaction volume globally accounted for 49% of the share of selected payment methods. Also, it is projected to rise and is expected to reach 53% of the total transaction volume by 2025. Accordingly, these aforementioned factors are likely to stipulate the demand for the cross-border payments across the globe. Moreover, the rising government support, as well as a boost in global cross-border transactions are presenting various lucrative opportunities over the forecasting years. However, the rising security and payment fraud concerns is hampering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cross-border Payments Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing adoption of cashless transactions and the rising e-commerce transactions. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing introduction of novel payment technologies., and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
- Corpay
- Fincra
- Fis
- Paypal
- Payoneer Inc.
- Routefusion
- Transfermate
- Visa Inc.
- Western Union Holdings Inc.
- Vodafone Group Plc
Recent Developments in the Market:
- In April 2023, Singapore and Malaysia announced the introduction of cross-border QR code payments system for goods and payments in either country. The system enables consumers of partner banking institutions to make in-store retail payments by scanning real-world QR codes posted by businesses when traveling to another nation. Moreover, cross-border online business transactions are supported.
Global Cross-border Payments Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Transaction Type, Organization Size, End-use Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Transaction Type:
- Business-To-Business (B2B)
- Consumer-To-Business (C2B)
- Business-To-Consumer (B2C)
- Consumer-To-Consumer (C2C)
By Organization Size:
- Large Organizations
- Small and Medium Organizations
By End-use Industry:
- Financial Institutions
- E-Commerce
- Digital Platforms
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Cross-border Payments Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Cross-border Payments Market, by Transaction Type, 2019-2029 (USD Billion)
- 1.2.3. Cross-border Payments Market, by Organization Size, 2019-2029 (USD Billion)
- 1.2.4. Cross-border Payments Market, by End-use Industry, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cross-border Payments Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cross-border Payments Market Dynamics
- 3.1. Cross-border Payments Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Availability of digital payments alternatives
- 3.1.1.2. Rapid surge in e-commerce transactions
- 3.1.2. Market Challenges
- 3.1.2.1. Rising security and payment fraud concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising government support
- 3.1.3.2. Boost in global cross-border transactions
- 3.1.1. Market Drivers
Chapter 4. Global Cross-border Payments Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cross-border Payments Market, by Transaction Type
- 6.1. Market Snapshot
- 6.2. Global Cross-border Payments Market by Transaction Type, Performance - Potential Analysis
- 6.3. Global Cross-border Payments Market Estimates & Forecasts by Transaction Type 2019-2029 (USD Billion)
- 6.4. Cross-border Payments Market, Sub Segment Analysis
- 6.4.1. Business-To-Business (B2B)
- 6.4.2. Consumer-To-Business (C2B)
- 6.4.3. Business-To-Consumer (B2C)
- 6.4.4. Consumer-To-Consumer (C2C)
Chapter 7. Global Cross-border Payments Market, by Organization Size
- 7.1. Market Snapshot
- 7.2. Global Cross-border Payments Market by Organization Size, Performance - Potential Analysis
- 7.3. Global Cross-border Payments Market Estimates & Forecasts by Organization Size 2019-2029 (USD Billion)
- 7.4. Cross-border Payments Market, Sub Segment Analysis
- 7.4.1. Large Organizations
- 7.4.2. Small and Medium Organizations
Chapter 8. Global Cross-border Payments Market, by End-use Industry
- 8.1. Market Snapshot
- 8.2. Global Cross-border Payments Market by End-use Industry, Performance - Potential Analysis
- 8.3. Global Cross-border Payments Market Estimates & Forecasts by End-use Industry 2019-2029 (USD Billion)
- 8.4. Cross-border Payments Market, Sub Segment Analysis
- 8.4.1. Financial Institutions
- 8.4.2. E-Commerce
- 8.4.3. Digital Platforms
- 8.4.4. Others
Chapter 9. Global Cross-border Payments Market, Regional Analysis
- 9.1. Cross-border Payments Market, Regional Market Snapshot
- 9.2. North America Cross-border Payments Market
- 9.2.1. U.S. Cross-border Payments Market
- 9.2.1.1. Transaction Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Organization Size breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End-use Industry breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Cross-border Payments Market
- 9.2.1. U.S. Cross-border Payments Market
- 9.3. Europe Cross-border Payments Market Snapshot
- 9.3.1. U.K. Cross-border Payments Market
- 9.3.2. Germany Cross-border Payments Market
- 9.3.3. France Cross-border Payments Market
- 9.3.4. Spain Cross-border Payments Market
- 9.3.5. Italy Cross-border Payments Market
- 9.3.6. Rest of Europe Cross-border Payments Market
- 9.4. Asia-Pacific Cross-border Payments Market Snapshot
- 9.4.1. China Cross-border Payments Market
- 9.4.2. India Cross-border Payments Market
- 9.4.3. Japan Cross-border Payments Market
- 9.4.4. Australia Cross-border Payments Market
- 9.4.5. South Korea Cross-border Payments Market
- 9.4.6. Rest of Asia Pacific Cross-border Payments Market
- 9.5. Latin America Cross-border Payments Market Snapshot
- 9.5.1. Brazil Cross-border Payments Market
- 9.5.2. Mexico Cross-border Payments Market
- 9.5.3. Rest of Latin America Cross-border Payments Market
- 9.6. Rest of The World Cross-border Payments Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Corpay
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Fincra
- 10.2.3. Fis
- 10.2.4. Paypal
- 10.2.5. Payoneer Inc.
- 10.2.6. Routefusion
- 10.2.7. Transfermate
- 10.2.8. Visa Inc.
- 10.2.9. Western Union Holdings Inc.
- 10.2.10. Vodafone Group Plc
- 10.2.1. Corpay
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Cross-border Payments Market, report scope
- TABLE 2. Global Cross-border Payments Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Cross-border Payments Market estimates & forecasts by Transaction Type 2019-2029 (USD Billion)
- TABLE 4. Global Cross-border Payments Market estimates & forecasts by Organization Size 2019-2029 (USD Billion)
- TABLE 5. Global Cross-border Payments Market estimates & forecasts by End-use Industry 2019-2029 (USD Billion)
- TABLE 6. Global Cross-border Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Cross-border Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Cross-border Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Cross-border Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Cross-border Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Cross-border Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Cross-border Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Cross-border Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Cross-border Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Cross-border Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. U.S. Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. Canada Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 20. Canada Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. UK Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 23. UK Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. Germany Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 26. Germany Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. France Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 29. France Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. Italy Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 32. Italy Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Spain Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 35. Spain Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. RoE Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 38. RoE Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. China Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 41. China Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. India Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 44. India Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. Japan Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 47. Japan Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. South Korea Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 50. South Korea Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. Australia Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 53. Australia Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. Brazil Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 59. Brazil Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Mexico Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 62. Mexico Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. RoLA Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 65. RoLA Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. Row Cross-border Payments Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 68. Row Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Cross-border Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Cross-border Payments Market
- TABLE 71. List of primary sources, used in the study of global Cross-border Payments Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Cross-border Payments Market, research methodology
- FIG 2. Global Cross-border Payments Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Cross-border Payments Market, key trends 2021
- FIG 5. Global Cross-border Payments Market, growth prospects 2022-2029
- FIG 6. Global Cross-border Payments Market, porters 5 force model
- FIG 7. Global Cross-border Payments Market, pest analysis
- FIG 8. Global Cross-border Payments Market, value chain analysis
- FIG 9. Global Cross-border Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Cross-border Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Cross-border Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Cross-border Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Cross-border Payments Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Cross-border Payments Market, regional snapshot 2019 & 2029
- FIG 15. North America Cross-border Payments Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Cross-border Payments Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Cross-border Payments Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Cross-border Payments Market 2019 & 2029 (USD Billion)
- FIG 19. Global Cross-border Payments Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
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