Cross Border Payments in Asia

Asia is one of the most significant trading regions in the world including the factory of the world, China. Payment systems, cultures, and regulatory systems are all diverse which makes having a European style SEPA challenging in Asia. What is the future of cross-border payments in Asia?

In addition to the inherent challenges, a new batch of challenger banks and 3rd party payment providers including Revolut, Ripple, Transferwise and others are making in-roads as the region seeks to find its payment future.

In this report, we look at the critical trends for cross-border payments in Asia as well as the growth of Asia-started payment systems like China’s Intra-bank payment system and 3rd party platforms. We examine how blockchain and crypto-currencies may impact the region as well as the non-traditional financial players and then finish with a look at where the industry is going in the future.