The cross-border payments report sees interoperability as critical, with most fintech leaders stating that partnerships will shape the infrastructure.
Fintech show Money20/20 launched a cross-border payments report with FXC Intelligence, revealing that Asia-Pacific’s cross-border payments volume is projected to nearly double by 2032, reaching US$23.8 trillion, up from US$12.8 trillion in 2024.
The report, How Will Asia’s Money Move in the Future? 2025’s View of 2035, draws on market sizing data and insights from more than 100 industry stakeholders, and explores the trends, technologies, innovations, and policy shifts expected to shape Asia’s cross-border payments landscape over the next decade.
Key highlights of the report include:
- In 2024, Asia-Pacific accounted for 32.2% of global outbound retail cross-border payments, totaling $12.8 trillion.
- By 2032, the region is projected to reach $23.8 trillion, growing faster than the global average and increasing its share of global flows to 36.8%
- The report finds that 88% of stakeholders view interoperability as “very or extremely important” to Asia’s payment future. 66% believe real-time payment systems will lead the way
- Stakeholders cited consumer habits (79%), regulatory policy (86%), and technological innovation (79%) as the most important factors influencing future infrastructure
- While B2B and B2C continue to dominate in volume, B2C payments are expected to see the fastest growth due to ecommerce and subscription service expansion
“We’re seeing a significant acceleration in how cross-border money moves, and the next decade will be crucial in shaping the infrastructure that powers it,” said Scarlett Sieber, Chief Strategy and Growth Officer at Money20/20. “Asia’s future lies not in a one-size-fits-all model, but in interconnected systems that balance innovation with regional adoption.”
“Asia’s payments landscape is evolving quickly — but also with remarkable complexity,” said Daniel Webber, Founder and CEO of FXC Intelligence. “This report underscores the need for intentional collaboration across borders, sectors, and technologies to create truly inclusive financial ecosystems. Interoperability isn’t just a tech challenge — it’s a regional opportunity.“
Read the full report here.
