Cross-border Payments Market: 2026-2030

Description

'Top Three Global Leaders in Cross-border Payment Infrastructure Revealed'

Overview

Our Cross-border Payments research suite provides a comprehensive and in-depth analysis of the evolving cross-border payments landscape; enabling stakeholders such as businesses, financial institutions, payment service providers, card networks, regulators, and technology infrastructure providers to understand future growth, key trends, and the competitive environment. This leading market study evaluates the core components of cross-border payment ecosystems, highlights major market developments and innovations across key corridors, and examines regional progress in enhancing interoperability, transparency, and settlement efficiency.

The suite includes several different options that can be purchased separately, including access to data mapping the future growth of cross-border payment volumes and values, and an insightful study uncovering the latest trends and opportunities within global payments markets. In addition, the suite includes a document containing extensive analysis of the 14 market leaders that provide the payments infrastructure underlying cross-border payments, as well as the 14 leading vendors that facilitate money transfer and remittances. The coverage can also be purchased as a Full Research Suite; containing all these elements and including a substantial discount.

This report serves as an essential resource for understanding the rapidly transforming cross-border payments market; empowering stakeholders to shape effective future strategies. With its comprehensive insights and extensive coverage, this research suite is an invaluable tool for navigating and planning in a complex and fast-evolving global payments landscape.

All report content is delivered in the English language.

Key Features

Market Dynamics: Insights into key trends and market expansion challenges within the cross-border payments market, including drivers and barriers to adoption across consumer and Business-to-Business (B2B) segments. The report addresses the role of cross-border payments in enabling global trade; supporting eCommerce growth, improving remittance flows, and enhancing treasury and liquidity management. It also explores the impact of regulatory developments, emerging payment rails, and interoperability initiatives across regions. The research features a Country Readiness Index; assessing the maturity, infrastructure development, and segment growth of cross-border payments markets across 8 key regions, along with a forward-looking perspective.
Key Takeaways & Strategic Recommendations: In-depth analysis of emerging opportunities and critical findings within the cross-border payments ecosystem, accompanied by actionable strategic recommendations for financial institutions, payment service providers, fintechs, corporates, and technology vendors.
Benchmark Industry Forecasts: The cross-border payments dataset includes forecasts for the total value of cross-border transactions; segmented by consumer remittances, retail eCommerce, and B2B payments.
Juniper Research Competitor Leaderboard: Key market player capability and capacity assessment for 28 cross-border payments providers via the Juniper Research Competitor Leaderboard; featuring competitive positioning analysis and market sizing for major players facilitating international payments.

Market Trends & Strategies

1. Key Takeaways and Strategic Recommendations

1.1 Key Takeaways
1.2 Strategic Recommendations

2. Market Landscape

2.1 Report Scope
2.2 Market Landscape: Methods for Transferring Money Across Borders
- 2.2.1 Introduction
2.3 Payment Messaging Mechanisms
- 2.3.1 SWIFT
  - i. Strengths
  - ii. Limitations & Challenges
- 2.3.2 BRICS Pay
  - i. Strengths
  - ii. Limitations & Challenges
- 2.3.3 CIPS
  - i. Strengths
  - ii. Limitations & Challenges
2.4 Transfer and Settlement Networks
- 2.4.1 Correspondent Banking Model
  - Figure 2.1: Traditional Cross-border Bank Payment Method
  - i. Strengths
  - ii. Limitations & Challenges
- 2.4.2 International ACH
  - i. Strengths
  - ii. Limitations & Challenges
- 2.4.3 Real-time Cross-border Payments Systems
  - Figure 2.2: Model of Faster Payment System Interlinking Arrangements
  - ii. Strengths
  - iii. Limitations & Challenges
- 2.4.4 Alternative Networks/Real-time Payment Networks
  - Figure 2.3: Thunes' Money Transfer Process
  - i. Strengths
  - ii. Limitations & Challenges
- 2.4.5 Push-to-card Rails
  - i. Strengths
  - ii. Limitations & Challenges
2.5 Emerging Digital Technologies
- 2.5.1 Blockchain
  - i. Strengths
  - ii. Limitations & Challenges
- 2.5.2 CBDCs
  - Figure 2.4: Status of Wholesale CBDC Development, July 2025
  - i. Strengths
  - ii. Limitations & Challenges
2.6 Endpoints
- 2.6.1 Digital Wallets
  - i. Strengths
  - ii. Limitations & Challenges
- 2.6.2 Mobile Money
  - i. Strengths
  - ii. Limitations & Challenges
2.7 Key Trends & Drivers
- 2.7.1 Supply Chain Reconfiguration
- 2.7.2 Digital Asset Innovations Driving Wholesale Payments
- 2.7.3 Banks Displaced With Lower-cost Methods in P2P Payments
- 2.7.4 Renminbi Challenges the Primary Role of the Dollar in Cross-border Trade

3. Sector Analysis

3.1 Cross-border Payments Sector Analysis
- Figure 3.1: Cross-border Payment Use Cases
- 3.1.1 B2B Payments
  - i. Payment Method Landscape
- 3.1.2 B2C
  - i. Employee Payroll
  - ii. Gig Economy Payouts
  - iii. eCommerce Refunds
- 3.1.3 Peer-to-peer Payments: Remittances
  - Figure 3.2: Average Cost of Sending $200 (%), via Instrument Sent
- 3.1.4 International eCommerce
  - Table 3.3: Distribution of B2C Online Purchases Worldwide (%) in 2023, by Channel
- 3.1.5 Internal Money Movement
- 3.1.6 Wholesale
  - i. Deferred Net Settlement (DNS)
  - ii. RTGS System

4. Country Readiness Index

4.1 Introduction to Country Readiness Index
- Figure 4.1: Cross-border Payments Country Readiness Index Regional Definitions
- Figure 4.2: Juniper Research Country Readiness Index Scoring Criteria: Crossborder Payments Market
- Figure 4.3: Juniper Research Country Readiness Index: Cross-border Payments Market
- Table 4.4: Juniper Research Cross-border Payments Market Country Readiness Index: Market Segments
- 4.1.1 Focus Markets
  - Figure 4.5: Cross-border Transaction Value, Six Highest-value Focus Markets ($m), 2026 and 2030
  - i. Digital Payments Innovations
  - ii. Focus Market: China
4.2 Growth Markets
- Figure 4.6: Seven Fastest-growing Growth Markets by Change in Cross-border Transaction Value, ($m), 2026 and 2030
- i. Digital Growth
- ii. Early-stage Growth of Payment Systems
- 4.2.2 Saturated Markets
  - Figure 4.7: Seven Largest Saturated Markets by Cross-border Transaction Value ($m), 2025 and 2030
  - i. Nordic Countries
  - ii. The US
- 4.2.3 Developing Markets
  - Table 4.8: Juniper Research Country Readiness Index Heatmap: North America
  - Table 4.9: Juniper Research Country Readiness Index Heatmap: Latin America
  - Table 4.10: Juniper Research Country Readiness Index: Western Europe
  - Table 4.11: Juniper Research Country Readiness Index: Central & East Europe
  - Table 4.12: Juniper Research Country Readiness Index: Far East & China
  - Table 4.13: Juniper Research Country Readiness Index: Indian Subcontinent
  - Table 4.14: Juniper Research Country Readiness Index: Rest of Asia Pacific
  - Table 4.15: Juniper Research Country Readiness Index Heatmap: Middle East & Africa

Competitor Leaderboard

1. Cross-border Payment Infrastructure Providers: Competitor Leaderboard

1.1 Why Read This Report
- Figure 1.1: Juniper Research Competitor Leaderboard Vendors: Cross-border Wholesale Settlement Layers
- Figure 1.2 Juniper Research Competitor Leaderboard: Cross-border Payment Infrastructure Providers
- Figure 1.3: Juniper Research Competitor Leaderboard: Cross-border Payment Infrastructure Providers
- Figure 1.4: Juniper Research Competitor Leaderboard: Cross-border Payment Infrastructure Providers - Heatmap
1.2 Methodology & Limitations
- 1.2.1 Juniper Research Competitor Leaderboard Assessment Methodology
- 1.2.2 Limitations & Interpretations
  - Table 1.5: Juniper Research Competitor Leaderboard Cross-border Payment Infrastructure Providers: Assessment Criteria

2. Cross-border Payment Infrastructure Providers: Vendor Profiles

2.1.1 Banking Circle
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.2 Bridge
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.3 BVNK
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.4 CLS Group
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
  - Figure 2.1: CLS System Method
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.5 dLocal
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.6 Fnality International
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.7 Mastercard
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.8 Nium
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.9 PAPSS
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
  - Figure 2.2: PAPSS Instant Payments System
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.10 SWIFT
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
  - Figure 2.3: SWIFT GPI Method
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.11 TerraPay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients and Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.12 Thunes
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
2.1.13 Universal Digital Payments Network
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 2.1.14 Visa
i. Corporate
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research's View: Key Strengths & Strategic Development Opportunities

3. Juniper Research Competitor Leaderboard: Money Transfer & Remittance Companies

3.1 Why Read This Report
- Table 3.1: Juniper Research Competitor Leaderboard Vendors: Money Transfer Remittance Providers
- Figure 3.2: Juniper Research Competitor Leaderboard: Money Transfer & Remittance Providers
- Table 3.3: Juniper Research Competitor Leaderboard: Money Transfer & Remittance Providers
- Table 3.4: Juniper Research Competitor Leaderboard: Money Transfer & Remittance Providers - Heatmap
3.2 Methodology & Limitations
- 3.2.1 Juniper Research Competitor Leaderboard Assessment Methodology
- 3.2.2 Limitations & Interpretations
  - Figure 3.5: Juniper Research Leaderboard Assessment Criteria: Money Transfer & Remittance Platform Providers

4. Money Transfer & Remittance Companies: Vendor Profiles

4.1 Money Transfer & Remittance Companies
- 4.1.1 Airwallex
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Recommendations
- 4.1.2 Ant Group
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.3 Flutterwave
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.4 Kora
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.5 MoneyGram
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.6 M-PESA
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.7 Payoneer
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.8 PayPal
  - i. Corporate
  - ii. Geographical Reach
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.9 Remitly
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.10 Ripple
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.11 Revolut
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.12 Western Union
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.13 Wise
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 4.1.14 Zepz
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
4.2 Related Research

Data & Forecasting

1. Market Overview

1.1 Cross-border Payments Introduction
- 1.1.1 Definition and Scope:
  - i. Remittance Market
  - ii. eCommerce Cross-border Market
  - iii. B2B Market
- 1.1.2 Methodology & Assumptions
  - i. Limitations
    - Figure 1.1: eCommerce Payments Methodology
    - Figure 1.2: Consumer Remittance Payments Methodology
    - Figure 1.3: B2B Cross-border Payments Methodology

2. Cross-border Payments: Forecast Summary

2.1.1 Total Volume of Cross-border Transactions
- Figure & Table 2.1: Total Volume of Cross-border Payments (m), Split by 8 Key Regions, 2025-2030
2.1.2 Total Value of Cross-border Transactions
- Figure & Table 2.2: Total Value of Cross-border Payments ($m), Split by 8 Key Regions, 2025-2030
2.1.3 Value of Cross-border Payments
- Figure & Table 2.3: Value of Cross-border Payments ($m), Split by 3 Categories, 2025-2030

3. Cross-border Remittance Payments

3.1.1 Cross-border Remittance Active Users
- Figure & Table 3.1: Number of International Money Transfer Users (m), 2025-2030, Split by 8 Key Regions
3.1.2 Cross-border P2P Payments
- Figure & Table 3.2: Total Number of Cross-border P2P Transactions per annum (m), Split by 8 Key Regions, 2025-2030
3.1.3 P2P Cross-border Transaction Value
- Figure & Table 3.3: Total Value of P2P Cross-border Transactions per annum ($m), Split by 8 Key Regions, 2025-2030

4. Cross-border eCommerce Payments: Market Forecasts & Key Takeaways

4.1 Cross-border eCommerce Payments
- 4.1.1 Volume of eCommerce Payments
  - Figure & Table 4.1: Transaction Volumes of Cross-border eCommerce Payments (m), 2025-2030, Split by 8 Key Regions
- 4.1.2 Cross-border eCommerce Transaction Value
  - Figure & Table 4.2: Cross-border eCommerce Payments per annum (m), Split by 8 Key Regions, 2025-2030
- 4.1.3 Cross-border eCommerce Transactions Value: Split by Goods Type
  - Figure & Table 4.3: Cross-border eCommerce Payment Value per annum (m), Split by Goods Type, 2025-2030

5. Business-to-Business Cross-border Payments: Market Forecasts & Key Takeaways

5.1 B2B Cross-border Payments Forecast
- 5.1.1 Volume of B2B Cross-border Payments
  - Figure & Table 5.1: Total Value of Instant Payments Domestic Consumer Transactions ($m), Split by 8 Key Regions, 2025-2030
- 5.1.2 Value of B2B Cross-border Payments
  - Figure & Table 5.2: Total Value of B2B Cross-border Transactions ($m), Split by 8 Key Regions, 2025-2030