Research Chapter
Industry Participant Analysis — Banks, Fintechs, Networks & Wallets | GPIR Research | FINTECHOISIS
The global cross-border payments ecosystem is undergoing the most significant competitive reshaping since the emergence of SWIFT in the 1970s. Historically, international payments were dominated by correspondent banks, SWIFT and large money transfer operators. Today, the market is increasingly contested by fintechs, wallet networks, RTP networks, digital asset providers, payment orchestrators and embedded finance platforms. The future competitive landscape will likely be determined by who controls customer access, payment rails, liquidity, data, compliance and ecosystem connectivity.
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