Payments processor Fiserv saw GAAP revenues grow 9% to $4.63bn in Q4 2022, bringing its total for FY 2022 to $17.7bn (up 9% YoY).

Visa and Mastercard have announced their latest earnings – Q4 2022 for Mastercard and Q1 2023 for Visa. Both companies have noted revenues rising.

Alternative payment methods are seeing growing adoption in money transfers, and push-to-card is also seeing significant growth.

Receiving rates are often far less well known than sending rates, and when discussed are often assumed to be a significantly more expensive option.

The last few months have seen a flurry of new intercontinental launches for money transfer and remittances players.

Countries around the world are changing their payment infrastructure in an attempt to make cross-border payments faster, easier and safer in 2023.

This year starts in an environment quite different from that of January 2022. Here are our predictions for the cross-border payments industry in 2023.

Macroeconomic and geopolitical headwinds have had a large impact on the remittances sector in 2022 but there have also been several positive shifts.

Ecommerce had a mixed year in 2022, marked by an economic downturn and continuing Covid restrictions in some countries.