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 […]

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Modernising cross-border payments with MC Send XB

Mastercard Send Cross Border HomeSend is a transaction carrying platform as part of Mastercard Send Cross Border. More information about Mastercard Send Cross Border can be found at: Mastercard Send Cross Border MasterCard Send Cross Border Payments video Published to Youtube on 31 Oct 2017

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P2P Remittance to reach US$550bn in 2019

In 2019, annual remittance flows to low- and middle-income countries (LMICs) are likely to reach $550 billion. That would make remittance flows larger than foreign direct investment (FDI) and official development assistance (ODA) flows to LMICs. In 2018, remittance flows to LMICs reached $529 billion, an increase of 9.6 percent […]

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