Top 30 Pioneering Firms Revolutionizing Cross-Border Money Transfers
FXC Intelligence has recently released an industry market map, highlighting the 30 Most Promising Cross-Border Payments Companies for the year 2023. The market map, created using FXC's data and industry expertise, spans over these promising companies, each category containing multiple entities.
The cross-border payments industry is experiencing continued progress towards cheaper, faster, and more secure international payments. This progress is being driven by a combination of factors, including the efforts of the world's biggest banks and fintechs, newer market entrants pursuing new technologies, untapped markets, and innovative growth strategies.
FXC's market map includes companies from various sectors such as remittances, payment processors, and B2B. Among the notable companies frequently mentioned by FXC and related industry sources are:
- Western Union, which has been noted for its expansion in stablecoin strategy and consumer services growth.
- PayPal, with its initiatives like "Pay with Crypto" and advancements in stablecoin offerings for cross-border payments.
- Wise (formerly TransferWise), known for its low-fee international transfers and extensive currency support.
- Thunes, focusing on real-time payments in emerging markets with a broad global reach and compliance infrastructure.
- Adyen, a major payment processor that remains crucial in cross-border transactions despite being impacted by tariffs.
- PayU, well known for its multi-currency support and risk management in Latin America and elsewhere.
Other highly regarded fintechs in related payment spaces include Plaid (open banking and financial APIs), Klarna (BNPL and e-commerce financing), and Robinhood (investment and crypto platforms), though their core focus is broader than just cross-border payments.
While FXC Intelligence has not directly included the specific list of the 30 Most Promising Cross-Border Payments Companies in the search results, they are a recognised source for payment industry analysis and cover significant players and trends in cross-border payments. For the exact and full list of the 30 most promising companies as identified by FXC in 2023, consulting the FXC Intelligence official research reports or dedicated articles from that year would be necessary.
FXC frequently publishes such lists and detailed insights in their research section. The market map can be viewed by scrolling down or by selecting links for detailed information about each company. The article encourages readers to access more research and analysis on cross-border payments globally.
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