ÌÇÐÄÆƽâ°æ

Key factors considered by banks for future modernization of cross-border payments as of 2023

© ÌÇÐÄÆƽâ°æ 2026
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

February 2023

Region

Worldwide

Survey time period

Q4 2022 and Q1 2023

Number of respondents

108 respondents

Age group

18 years and older

Special properties

global bank payments and product executives

Supplementary notes

The source does not specify the exact type of survey conducted.

The source does not provide information from which countries its respondents were from. It mentions the respondents were from "North American, European, and Asian-Pacific countries".

This question was phrased by the source as follows: "Which of the following are important factors when your institution considers modernizing its cross-border payments strategy? (Check all that apply)"

Citation formats

Opinion of banks on why to modernize their cross-border payment strategy 2023

Published by ÌÇÐÄÆƽâ°æ Research Department, May 30, 2023

Banks listed several reasons in 2023 on why they considered modernizing cross-border payments, with **** out of 10 stating a need to lower costs. The survey results reveal that no reason stood out much when compared to the others. The top two reasons listed were, for instance, closely followed by a desire to generate more revenue and improve the underlying processes. Estimates are that the market size of B2B cross-border payments is significantly bigger than the consumer-initiated segment, although the latter is forecast to grow the fastest.

Log in or register to access precise data.
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

  • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 99 users
Talk to sales for pricing
Contact us
  • Free + Premium Statistics
  • Reports
  • Market ÌÇÐÄÆƽâ°æ

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Cross-border payment trends "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Cross-border payment trends

Overview

6

Real-time (instant) payments

7

CBDC

7

Stablecoins

7

Innovation

6

Miscellaneous

6

E-commerce

7

Remittances

7

Further Content: You might find this interesting as well

Topics

CBDC (Central Bank Digital Currencies)Mobile payments with digital walletsBlockchainFinancial inclusion in Latin AmericaNFT
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

  • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 99 users
Talk to sales for pricing
Contact us
  • Free + Premium Statistics
  • Reports
  • Market ÌÇÐÄÆƽâ°æ

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.