Cross Border Payments
Paytech Trending World-Region-Country

Cross Border Global Payment Market 2022-27 Trends Revealed

The global cross border payments market is evolving, and correctly predicting the future of the industry is very difficult. However, by analysing trends from across the globe, a reliable picture can be put together. released its “Cross border Payments: Global Market Trends and Forecast (2022-2027)” report, to do just this.

Using 2021 as the base year, the Cross border Payments: Global Market Trends and Forecast (2022-2027) report provides estimated market data for the forecast period of 2022 to 2027.

Revenue forecasts for this period are segmented based on transaction type, organisation size, end-use industry, and geography. Market values have been estimated based on the total revenue of cross border payment solutions and services providers.

The cross border payment system is also showing a rapid surge in international remittances. The rising number of transaction limits and disputes, fragmented and broken data formats, limited operating hours, legacy technology, and long transaction value chains are some of the major factors that are projected to hinder the market growth of the cross border payment market over the forecast period.

The backbone of changing dynamics

Today, the global cross border payment landscape is at the centre of several trends that could fundamentally change competitive dynamics. These include: rising pressure from advanced technologies comprising distributed ledger technology (DLT) and card and network innovations; accelerating international commerce in retail and corporate sectors; shifting regulatory and sanctions frameworks; and changing customer demands.

Increasing penetration of smartphones and the popularity of digital access points such as alternative payment methods (APMs) for remittances have boosted new demands that businesses are struggling to meet. Alternative solution providers that provide faster, cheaper, and more transparent cross border payment solutions can gain a competitive advantage over banks.

Breaking down the market

The global cross border payments market has been segmented based on transaction type, organisation size, end-user industry, and geography. Depending on organisation size, the cross border payment market has been categorised into large organisations and small and medium organisations (SMOs).

Based on transaction type, the cross border payment market has been segmented into business-to-business (B2B), consumer-to-business (C2B), business-to-consumer (B2C), and consumer-to-consumer (C2C). Based on end-use industry, the cross border payment market has been segmented into financial institutions, e-commerce, digital platforms, and organisations.

The North American region is currently the most dominant market for global cross border payments. The presence of leading commercial banks, robust technology infrastructure, stringent laws, favorable opportunities for cross border payment solution providers, rapid-growth cross border e-commerce purchases, and diversification of supply chains are some of the key factors driving the North American market. Asia-Pacific is currently the fastest-growing market for cross border payments globally.

The report covers the market for cross border payments with regard to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for cross border payments in 2021 and provides projections for the expected market size through 2027.

The scope of the study includes cross border payment development solutions and services associated with the platform. However, software and deployment within the cross border payment platform, predeveloped cross border payment applications, and physical services have been excluded from the study.

Report includes
  • A brief general outlook and up-to-date analysis of the global market for cross border payments and technologies
  • Analyses of the global market trends, with market revenue (sales data) for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
  • Understanding of the emerging technologies and upcoming market opportunities for cross border payments, and areas of focus to forecast the market into various segments and sub-segments
  • Estimation of the actual market size and revenue forecast for global cross border payments market in USD million terms, and corresponding market share analysis by transactions type, organisation size, end-use industry, and geographic region
  • Identification of the companies that are considered as leaders in the financial technology field, as well as technological means these companies are using to exploit their markets and dominate the market in their fields
  • Coverage of the technological, economic, and business considerations of the global cross border payments market. Including analyses and growth forecasts through 2027
  • Insight into recent industry structure, current competitive environment, R&D activities, new product launches, and company value share analysis based on their segmental revenues

Further chapter breakdown 


  • Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.

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