Unveiling the Top 30 Cross-Border Payment Companies to Watch in 2023
The cross-border payments industry is about to shine a spotlight on 30 promising companies, as a new annual market map is set to be launched. This new initiative, dubbed the Most Promising Cross-Border Payments Companies, is an additional way to celebrate and recognise innovative companies making waves in the industry.
While the specific criteria for this year's list are yet to be officially detailed, previous selections have typically focused on innovation, technological capabilities, regulatory expertise, and efficiency improvements. Key aspects of evaluation often include speed, cost-effectiveness, technological advancements, global reach, and partnerships with financial institutions.
Inclusion in the new market map is not limited to established players. Companies that are spin-outs from established players, even if they are new, may also be considered under certain conditions. It's worth noting that companies do not have to have raised outside funds, but they should have a reasonably or fully established customer base.
The top 100 companies in the cross-border payments space are recognised annually by a leading platform. However, the new market map is intended to recognise companies that are truly on the rise within the industry, offering a fresh perspective and promising growth potential.
While the exact companies for the October 12, 2023 announcement are not yet known, previous lists have recognised Asian fintech companies in the past, with announcements typically scheduled around late October. This suggests that this year's announcement might feature innovative fintech firms leading in cross-border payments from Asia and other regions.
Inclusion in the top 100 list is widely regarded as the definitive benchmark of the industry's biggest players. However, the new market map provides an additional opportunity to acknowledge and celebrate the promising companies that are shaping the future of cross-border payments.
Stay tuned for more details as the official announcement is expected to be made on October 12, 2023. For further information, we recommend visiting the official announcement page of the organising entity, such as FXC Intelligence or The Payments Space.
- The new market map, highlighting the Most Promising Cross-Border Payments Companies, will likely acknowledge innovative fintech firms specializing in cross-border payments, particularly those from Asia and other regions, showcasing their financial capabilities and growth potential.
- Beyond the annual top 100 list recognizing the industry's major players, the new market map offers a platform to honor promising companies in the cross-border payments sector, emphasizing technological advancements, global reach, and efficiency improvements outside the realm of established industry titans.
