Santander’s payments arm, PagoNxt, saw its annual revenues surpass €1bn in 2023 on the back of growing payments activities and volumes.
According to Atlantic Council data, 130 countries have ongoing CBDC projects, either at the research and development, pilot or launch stage.
B2B cross-border payments are set to see continued consolidation this year, as well as trends around real-time payments, AI and consolidated services.
Wise raised its FY 24 guidance after revenues rose by 23% to £276.6m in Q3 2024 (calendar Q4 2023), driven primarily by a 30% rise in active customers.
How are banks using AI in 2024?
January 15th, 2024
Artificial intelligence was one of the biggest trends for banks in 2023, and this is set to continue in 2024 as the hype around generative AI continues.
Payment infrastructure – the networks instituted by financial organisations to enable money movement worldwide – are continuing to evolve in 2024.
From a cross-border perspective, banks have seen several trends in 2023, including new product partnerships to fend off digital challengers.
Cryptocurrencies had a mixed year in 2023. While the price of Bitcoin rose substantially in November, regulators have continued to challenge the industry.
In this state of the industry report for 2023, we explore which types of cross-border payments startups have seen the most funding in 2023.