Cross-border payments hinge on trust even as they get faster
By TC Guruprasad, Managing Director & CEO, EbixCash World Money Limited
A cross-border payment can now be initiated in seconds. Trust still takes longer to build. The sender wants to know the exchange rate, the fee, when the money will arrive, and what happens if it does not. The provider, meanwhile, has to establish who is sending the funds, why they are moving and whether the transaction meets the rules of every relevant jurisdiction.
That tension will define the next phase of cross-border payments. Speed and convenience are becoming expected features. The harder competitive advantage is confidence that the transaction is transparent, compliant and recoverable when something goes wrong.
The scale makes that responsibility difficult to ignore. An IMF working paper published in 2025 estimated that traditional and crypto cross-border payments together approached USD 1 quadrillion globally in 2024. India’s Economic Survey 2025–26 recorded USD 135.4 billion in remittance inflows...
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