The rise of eCommerce and global digitalization have given way to a stark increase in cross-border payments, in which the payer and the payee are located in different countries. And the trend shows no signs of slowing down – the value of cross-border payments is expected to reach over $356.5 billion by 20321, making it one of the fastest growing segments within the global payments ecosystem.
The true value of cross-border payments lies in the wide variety of use cases they enable. From sending remittances to international trade, travel & tourism, and other forms of commerce in today’s global ecosystem, the opportunities that cross-border payments are creating are endless.
NovoPayment is enabling the origination and reception of cross-border payments across the U.S. and LAC for simple and instant global money flows to support various use cases.
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