Cross-border payments in emerging markets are significantly underutilized, despite businesses transacting trillions annually through banks and fintechs.
The value of cross-border payments is projected to grow by 60%, hitting $250 trillion by 2027, with the majority being business-to-business transactions.
Businesses are turning to fintech solutions like Conduit for cross-border payments due to high costs and slow processes in traditional banking.
Conduit found success after transitioning from crypto to traditional banking, offering businesses in Latin America payment options without the need for a U.S. entity.
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