The cross-border payments market, once dominated by high-fee banks, is now awash with competitive payment service providers (PSPs). While their initial success was driven by competitive pricing, the industry now faces challenges related to scalability and differentiation.
This whitepaper explores the challenges these PSPs have faced in establishing a foothold in the market, highlighting the need for improved liquidity management and faster settlement times. The paper transitions to the critical role of technology and innovation in enabling PSPs to unlock new opportunities, improve customer experiences and thrive in a busy but exciting market.
