According to a new study, 63 percent of all surveyed businesses would be interested in partnering with third-party providers to digitize their cross-border payments processes in the next three years, per PYMNTS.com
And now, Federal Reserve Chair Jerome Powell has said of cross border payments “the COVID-19 pandemic has shined a light on the less efficient areas of our current payment system and accelerated the desire for improvement and digitalization.”
He further noted in remarks last month that “digitalization of financial services, combined with an improved consumer experience, can help increase financial inclusion, particularly in countries or areas with a large unbanked population.”
This article was written by and originally published on Pymnts.
