Close

07/23/2019

XB Payments revenues exceed US$200bn

Payments Industry Analysts, McKinsey & Co estimate that international cross-border payment revenues now exceed US$200 billion globally (from an estimated total volume of approx US$127 trillion).

The finding comes from their Report, Global Payments 2018: A dynamic industry continues to break new ground.

McKinsey states that the opportunity in cross-border is often overlooked due to its relatively minor share of global payments revenue, however, “cross-border operations carry disproportionate weight due to their significant margins and connection to lucrative broader corporate banking relationships.”