I was interviewed recently by Jimmy Franklin from Payments Compliance News, a payments industry news service from Vixio, on the state of play of cross-border payments in Asia. It’s clear that the competitive landscape in Asia is heating up, with a mix of large players and emerging providers fighting for a piece of this rapidly growing market. Here’s the quote he used regarding Payoneer and other established players:
According to Scott Reynolds, California-based founder of the consultancy firm Global Payments Insight, the region’s payments market is not saturated yet but is becoming a lot more competitive.
“For their first ten or so years they had the market to themselves, but now many companies have woken up to opportunities in the cross-border payments space,” Reynolds said.
“The pie is growing, but competition for a slice of it is as well.”
The full article includes a number of interesting perspectives on the broader cross-border payment market trends. You can read it here: