The Next Phase of Payments: From Domestic Success to Global Scale
Introduction
In a recent blog, we explored how Brazil’s domestic instant payment platform, Pix, is reshaping digital commerce. This article builds on that discussion by examining the next opportunity for payment leaders: extending the convenience of domestic payment platforms across borders.
In speaking with payment rails executives globally, we were asked to examine how a domestic-only payment platform can expand to offer outbound cross-border QR-payments. For payment leaders, this expansion requires more than enabling international payments. It requires the right partnerships to extend global reach maintaining security, scalability, compliance, and a familiar customer experience.
How Modern Payment Platforms Scale Internationally
Many payment rails executives will immediately think of Wero, which, for readers who are unfamiliar, is a pan-European mobile payment system launched by the European Payments Initiative (EPI). Wero allows users to send and receive money instantly using a phone number or QR code, without entering the recipient’s...
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