Conduit’s cross-border payments expand from LatAm into Africa with $6M round
Cross-border payments in emerging markets are underutilized, but are projected to grow significantly, reaching $250 trillion by 2027.
MAIN POINTS
- Cross-border payments for businesses in emerging markets remain significantly untapped.
- Annual transaction volumes in trillions of dollars are handled by banks and legacy fintechs.
- Airwallex forecasts a 60% growth in cross-border payments, reaching $250 trillion by 2027.
TAKEAWAYS
- Emerging markets have a large untapped potential in cross-border payments.
- Banks and legacy fintechs are crucial in handling current transaction volumes.
- Significant growth in cross-border payments is expected within the next few years.