Cross-border payments Asia-Pacific, by type

Commercial-based cross-border payments in Asia-Pacific outpaced the consumer transactions between 2021 and 2022. Asia-Pacific has the highest value of cross-border payments in total, although the United States-Mexico corridor is the biggest overall. The source adds that the highest global growth after 2022 is expected in C2B cross-border, due to increasing online shopping and international travel. Consumer categories, it continues, also have higher margins when compared to B2B.

Total cross-border payments revenue – B2B, B2C, C2B, remittances – in Asia-Pacific (APAC) from 2014 to 2022 (in billion U.S. dollars)

Characteristic	Cross-border payment services (B2B, B2C) and documentary trade finance	C2C remittance services and C2B cross-border payment services
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Release date

September 2023

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Region

APAC

Survey time period

September 2023

Special properties

All figures provided are estimates, and have been taken from different reports

Supplementary notes

The source did not separate between countries – it only provided regional numbers for North America as a whole. The source does not clarify whether it places Mexico under North America or under Latin America. It also did not provide more in-depth figures on the exact type of cross-border payments or remittances, such as what goods or services are exactly paid for.

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