How banks can find growth in the next phase of cross-border payments

With more than five billion mobile wallet users worldwide, the future of cross-border payments lies not in wholesale transfers but in the vast flow of smaller retail and low value transactions that fuel travel, e-commerce, gig work, and remittances. FTX Intelligence estimates that retail cross-border payment flows are forecast to reach $64.5 trillion by 2032 .Cross-border payments have already become a daily habit for billions of people. Data from TerraPay and PYMNTS Intelligence shows that 70% of consumers ...