Mmastodon BusinessBanking first seen 4 d ago, last 4 d ago, peak #4

Banks look to reclaim cross-border payments from apps

Original: How banks can reclaim cross-border payments Peer-to-peer payment apps have transformed into all-in-one payment hubs and

Peer-to-peer payment apps have evolved into all-in-one payment hubs and are now the preferred method for cross-border transactions, raising questions about how traditional banks can win back this business. Discussion in banking circles focuses on what strategies banks can adopt to stay competitive as consumer payment habits shift toward app-based platforms.

Why now: Banks and analysts are weighing responses as app-based payments erode banks' traditional role in cross-border transactions.

bankspeer-to-peer payment appsAmerican Banker

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Evidence

• How banks can reclaim cross-border payments Peer-to-peer payment apps have transformed into all-in-one payment hubs and are now the preferred method for cross-border transactions. https://www. americanbanker.com/payments/ne… · AlexJimenez@mas.to

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