The Continued Evolution of Cross-Border Payments – What is next?

The value of cross-border payments globally is estimated to increase from almost $150 trillion in 2017 to over $250 trillion by 2027.

Cross-border payments sit at the heart of international trade and economic activity. However, for too long cross-border payments have faced four particular challenges: high costs, low speed, limited access and insufficient transparency. Faster, cheaper, more transparent and inclusive cross-border payments would have widespread benefits for supporting economic growth, international trade, global development and financial inclusion.

The Payments Association hosted a webinar last June that discussed the global cross-border payment market opportunities and the future barriers, and how emerging technologies would shape the future of cross-border payments. How has this progressed?

Join the Payments Association Insights webinar to hear our senior experts speakers discussing the progress changes. What has changed? What hasn’t changed and what remains to improve? As well as discussing the progress towards the Financial Stability Board action plan.

Questions you can expect to be answered:

• Current opportunities globally - Wholesale/Retail (B2B, P2B, B2P and P2P and Remittances)?• What were considered the key barriers to entering new market segments? • Speed, cost, access and transparency - What new innovations and/or technology have emerged to drive this further?• The world has changed significantly over the last year, how will this change cross-border growth, take-up and the speed of change?

As with most things in the industry, this will be a collaborative exchange of so please join us to have your say. Plus, you will have the chance to have your questions answered live.

Speakers

Agenda

10am - Welcome remarks

Kevin McAdam, Lead, Project Cross Border, The Payments Association

10.05 - Fireside Chat

Kevin McAdam, Lead, Project Cross Border, The Payments Association

Vikesh Patel, Head of Securities, Strategies, SWIFT

10.30 - Panel Discussion with Live Q&A

Kevin McAdam, Lead, Project Cross Border, The Payments Association

Saskia Devolder, Strategic Programme Director Cross-Border Payments, SWIFT

Ali Erhat Nalbant, Co-Founder and CEO, Arf

Colin Digby, Global Head- Strategic Client Coverage Group, Crown Agent Bank

Chryssi Chorafa, Founder and CEO, StarLix

Paul Bedford, Senior Manager, Cross Border Payments Policy, Bank of England

11.30am - Event Ends