A massive opportunity
The increase in consumer and business spending abroad, coupled with behavioral disruption from COVID-19, present a massive opportunity to financial institutions interested in cross-border payments.
$21T
cross-border payments market value1
$224B
cross-border payments revenue2
1 CB Insights, "The Evolving State of the Cross-Border Payments Market," March 19, 2020
2 McKinsey & Company, "The 2020 McKinsey Global Payments Report," October 2020
Increase revenue and win back customers
But as new competition enters the market, there's potential for $280B in lost revenue by 2025 for traditional and complacent banks. And banks’ P2P market share is projected by to drop to 50% by 2024.
Add in soaring transaction fees and record-high operational costs, how can you increase revenue while delivering an exceptional customer experience?
$280B
in lost revenue by 20253
50%
P2P market share by 20244
3 Accenture, "Banks Risk Losing US$280 Billion in Payments Revenue by 2025, According to Accenture Report," September 16, 2019
4 PYMNTS, "Western Union: Banks Need to 'Tech Up' to Compete in the Global Remittance Market." March 11, 2021
It's your choice
We’ve done the hard work for you, by selecting best-in-class, trusted payment providers. And then we’ve pre-integrated them into our Fusion Total Messaging solution. It’s your choice which providers you wish to use.
No Integration
Our marketplace of payment rails allows you to reach the countries and disburse payments via the endpoints your customers demand. So you can remain focused on your business and not the burden of a heavy technical integration.
Transparent process
Using your current connectivity methods, we deliver payment messages from existing channels in their original formats and transform them to your chosen payment rail. We then return updates to you, providing visibility and transparency throughout the entire payment flow.
Easily connect to our pre-integrated cross-border payments providers.
Our providers
Each of our carefully selected marketplace providers has been recognized as a top 100 cross-border payments company, according to FXC Intelligence.
Connect with us to learn more about the Payments Connectivity Marketplace.
Tell us about yourself
We intend to protect the confidentiality of your details to the fullest possible extent thus all information that you provide will be treated as strictly confidential.