Cross-border payments

Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE.

E-commerce, real-time networks, and digital standards drive payment volume expansion

But transparency remains a challenge for cross-border payment systems.  

Direct access to local payment schemes expected in 2025.

Inefficiencies in cost, speed, and data standards hinder global payment processes.

Regulatory hurdles and currency challenges are slowing payment settlement.

It seeks to reduce the complexities and costs associated with cross-border transactions.

The emergence of fintechs is whittling down their dominance.

It identifies possible problems in the future payment based on previous data from 9 billion transactions.

Web 3.0 is taking over, but many businesses have yet to move past Web 1.5.

It simulated cross-border transactions involving multiple CBDCs on a common network.