Payment Industry Analysis

In November, Swift will cease support for legacy MT messaging, putting an end to the coexistence between it and new ISO 20022-compliant MX messaging.
Stablecoins have been attracting growing interest from the cross-border payments industry in recent months, with activity from a broad range of companies.
Last week, rumours began to circulate that Revolut was launching an employer of record service that would build on Revolut People.
Last week we released a report analysing payments players’ approach to AI, identifying agentic AI as a small but fast-growing area with significant potential.
Last week saw Fintech Meetup, where I was pleased to moderate a discussion about digitalising cross-border payments and the opportunities in partnerships.
Remitly and Corpay’s Corporate Payments segment surpassed $1bn in revenues in 2024, with Payoneer nearing the mark and expected to cross it in 2025.
Two years on from its launch, the the Pan-African Payment and Settlement System (PAPSS) continues to grow as new participants come online.
Cross-border payments data from China’s State Administration of Foreign Exchange shows that the yuan now accounts for the majority of transactions.
Stripe has published its annual letter, providing a limited view of its finances alongside a broader sense of the company’s strategy and ongoing priorities.
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