For decades, the world of cross-border payments has been ripe for disruption. Businesses, particularly small and medium-sized enterprises (SMEs), have long endured high fees, opaque processes, and sluggish transaction times as they navigate international transactions. These inefficiencies have become glaring pain points in today’s globalized digital economy, where money needs to move as fast as ideas.

The persistent challenges in cross-border payments

According to McKinsey & Company, the global payments industry processed 3.4 trillion transactions in 2023, representing an astonishing US $1.8 quadrillion in total value. 

This activity generated a revenue pool of US $2.4 trillion. Cross-border payments, spanning both consumer and commercial verticals, contributed approximately 12% of these