Focus on Swift, Blockchain, Cryptocurrencies, Artificial Intelligence (Ai)

by Arthur · January 12, 2023

DUBLIN, 12 January 2023 /PRNewswire/ — The “Cross-border Payments: Global Market Trends and Forecast (2022-2027)” report has been added ResearchAndMarkets.com’s Offering.

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In this report, the market has been segmented based on transaction type, organization size, end-use industry and geography. The report provides an overview of the global cross-border payments market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 to 2027.

Revenue forecasts for this period are segmented based on transaction type, organization size, end-use industry and geography. Market values are estimated based on the total turnover of cross-border payment solutions and service providers.

The cross-border payment system also shows a rapid increase in international money transfers. The increasing number of transaction borders and disputes, fragmented and corrupted data formats, limited uptime, legacy technology, and long transaction value chains are some of the major factors estimated to hinder the market growth of the cross-border payments market over the forecast period.

Today, the global cross-border payments landscape is at the center of several trends that could fundamentally change competitive dynamics, such as: increasing pressure from advanced technologies that include distributed ledger technology (DLT) and card and network innovations; accelerating international trade in the retail and corporate sectors; changing regulations and sanctioning frameworks; and changed customer requirements.

Increasing smartphone penetration and the popularity of digital access points such as alternative payment methods (APM) for money transfers have increased new demands that businesses are struggling to meet. Alternative solution providers that offer faster, cheaper and more transparent payment solutions across national borders can gain a competitive advantage over banks.

The global cross-border payments market is segmented based on transaction type, organization size, end-user industry and geography. Based on organization size, the cross-border payments market has been categorized into large organizations and small and medium-sized organizations (SMOs).

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

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 across cross-border e-commerce purchases, and diversification of supply chains are some of the key factors driving the North America market. Asia-Pacific is currently the fastest growing market for cross-border payments globally.

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

The scope of the study includes cross-border payment development solutions and services linked to the platform. However, cross-border payment platform software and distribution, pre-developed cross-border payment applications and physical services have been excluded from the study.

Report includes

A brief overview and up-to-date analysis of the global market for cross-border payments and technologies
Analyzes of global market trends, with market revenue (sales data) for 2021, estimates for 2022 and 2023, and projections for compound annual growth rates (CAGRs) through 2027
Understanding of the emerging technologies and upcoming market opportunities for cross-border payments, and focus areas to forecast the market in various segments and sub-segments
Estimation of the actual market size and revenue forecast of the global cross-border payment market in millions of dollars, and corresponding market share analysis by transaction type, organization size, end-use industry and geographic region
Identification of the companies that are considered leaders in financial technology, as well as the technological tools these companies use to exploit their markets and dominate the market in their fields
Coverage of the technological, financial and business assessments of the global cross-border payments market with analysis and growth forecasts through 2027
Insight into recent industry structure, current competitive environment, R&D activities, new product launches and analysis of company value share based on their segment revenues

Key topics covered:

Chapter 1 Market Outlook

1.1 Snapshot of the market

Chapter 2 Summary

Chapter 3 Market overview

3.1 Current market scenario

3.2 Market dynamics

3.2.1 Market drivers

3.2.2 Market Restrictions

3.3 Macroeconomic factors in the cross-border payment market

3.3.1 The effect of Covid-19

3.3.2 The Russia-Ukraine war

Chapter 4 New technologies

4.1 Swift

4.2 Blockchain

4.3 Cryptocurrencies

4.4 Artificial Intelligence (Ai)

Chapter 5 Market distribution by transaction type, organization size and end-use industry

5.1 Market for cross-border payments by transaction type

5.1.1 Business-to-Business (B2B)

5.1.2 Consumer-to-business (C2B)

5.1.3 Business-to-Consumer (B2C)

5.1.4 Consumer-to-consumer (C2C)

5.1.5 Market size and forecast

5.2 Market for cross-border payments by organization size

5.2.1 Large organisations

5.2.2 Small and medium-sized organisations

5.2.3 Market size and forecast

5.3 Cross-border payment market by end-use industry

5.3.1 Financial institutions

5.3.2 E-commerce

5.3.3 Digital platforms

5.3.4 Organizations

5.3.5 Market size and forecast

Chapter 6 Market distribution by region

6.1 Global cross-border payment market by region

6.2 North America

6.3 Europe

6.4 Asia-Pacific

6.5 Latin America

6.6 Middle East and Africa

Chapter 7 Competitive landscape

7.1 Introduction

7.2 Market ranking of top companies

7.2.1 Top-Rated Market Players

7.3 Strategic analysis

7.3.1 Recent key developments

Chapter 8 Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/vgjuio

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