Leading Cross-Border Payment Firms with International Potential
Our platform has released the second edition of the Most Promising Cross-Border Payments Companies in the world, providing a comprehensive guide showcasing emerging players in the industry.
The guide is designed to complement the Top 100, published earlier each year, and focuses on highlighting smaller but growing companies from various regions.
The guide features companies from North America and Europe, including Payoneer and Wise. Payoneer is a global financial services company that simplifies cross-border transactions, offering prepaid Mastercard and invoice tools. Wise, formerly known as TransferWise, is an innovator disrupting traditional banking, known for transparent pricing and real-time tracking.
While major providers dominate, companies like Salt.pe (headquartered in India but expanding) have models that could inspire similar startups in Latin America by providing local currency accounts and flat fees. Specific Latin American smaller startups were not detailed in the search, but the regional fintech ecosystem is dynamic according to broader market trends.
In Asia, the guide includes Salt.pe, a India-based startup that simplifies cross-border payments with a flat 1.75% transaction fee and local currency accounts for Indian businesses to receive payments from abroad in seven foreign currencies. Lianlian DigiTech, a growing digital payment company with advanced tech for cross-border payments, is also featured. It offers comprehensive services including payments, compliance, and marketing, focused on the Asia-Pacific market. Alipay+ by Ant Group is a prominent cross-border payment gateway supporting over 60 regional payment methods, enabling international businesses to accept payments in China and across Asia without local registration.
The guide also covers companies from Africa and the Middle East, where the region is an emerging market for fintechs offering cross-border services, often facilitated by partnerships with global payment platforms and localized fintech startups.
The guide provides detailed information about the companies, including their competitive advantages such as lower fees, multi-currency accounts, digital onboarding, and integration with local payment methods. The cross-border payments market continues to expand rapidly, with the global market projected to nearly double from USD 176.2 billion in 2024 to USD 356.7 billion by 2034, growing annually at 7.2%.
Collaboration between traditional banks and fintech companies also drives growth and innovation, often blurring distinctions between smaller fintechs and larger institutions.
In summary, among smaller and growing players, Salt.pe stands out in India/Asia, Lianlian DigiTech in China/Asia with strong innovation and growth, Payoneer and Wise lead in North America/Europe with fintech-driven models. Africa and the Middle East hold potential but specific emerging smaller cross-border payment companies from the search were not detailed, implying this as an emerging opportunity area.
Access to the guide is available through creating a free account on our platform. The guide also includes industry-leading newsletters to keep you updated on the latest trends and developments in the cross-border payments industry.
- The guide features technology-driven companies like Lianlian DigiTech, which utilizes advanced technology for cross-border payments and offers comprehensive services.
- In Africa and the Middle East, fintech companies are leveraging technology to facilitate cross-border services, signifying this region as an emerging market for such ventures.
