• This Thursday, FXC Intelligence will announce the top 100 cross-border payments companies.
• Now in its seventh year, FXC Intelligence’s Cross-Border Payments 100 is announced annually to celebrate the most important cross-border payments players in the world. It is widely recognised as the definitive benchmark of the most important players in the industry.
• With over 15,000 players in the cross-border payments space, companies that make the list have to fulfill a strict criteria.

This Thursday, FXC Intelligence will announce the 2025 Cross-Border Payments 100.

Now in its seventh year, the Cross-Border Payments 100 celebrates the biggest cross-border payments players in the world. It is widely recognised as the definitive benchmark of the leading players in the industry, including publicly traded companies, startups and private companies. It covers companies operating across consumer money transfers and remittances, B2B payments, banking, ecommerce, payment processing, mobile payments and beyond.

With over 15,000 players in the cross-border payments space, companies have to fulfill the following criteria to be considered for the list:

• Be of a certain scale. This is not a startup or VC list (there are lots of those). This is also not a challengers list.
• Companies don’t have to have raised outside funds, but they must have an established customer base.
• Cross-border payments must either be the primary activity (many payment companies) or a substantial revenue line (certain banks, payment processors or card companies). With subsidiaries, we include them in the parent company, rather than listing them separately.

To produce a definitive overall list, every company is assessed against four areas: its significance as a company globally, its significance in its given market or segment, to what extent cross-border payments is a key part of its business and to what extent it is growing. The combined scores determined which companies made the final 100.