Banks take 92% of global B2B payments – but are still waking up to $56tn opportunity
● Exclusive FXC Intelligence market sizing data released as part of a landmark report on the state of banks shows that in 2023 the entire B2B cross-border payments market saw payment flows of $30.2tn globally. Of that, $27.8tn was handled by banks, or 92%. ● Despite banks dwarfing non-bank players and making significant revenue from cross-border payments, Standard Chartered is the only major bank of the 13 analysed to directly report data on this revenue regularly. ●