Top 23 Cross-border Payment Solutions to Watch
Top 23 Cross-border Payment Solutions to Watch
The cross-border payment platform industry is a rapidly growing segment within the broader fintech sphere, catering to a globalized world that relies increasingly on efficient, secure, and low-cost international transactions. Companies in the industry offer unique solutions to facilitate both individual and business transactions, often utilizing digital wallets, card processing, P2P transfers, and multi-currency options. These platforms have streamlined cross-border payments, driving a trend towards democratizing financial services and going beyond traditional banking systems. Moving forward, the industry is set to focus on improving transaction speeds, increasing accessibility, and harnessing technology innovations such as blockchain.
Top 23 Cross-border Payment Platform Companies
1. PayPal
- Website: paypal.com
- Headquarters: San Jose, California, United States
- Founded: 1998
- Headcount: 10001+
- Latest funding type: Ipo
PayPal is a global payment service that allows users to make secure online transactions using their credit cards without sharing financial information. It offers buyer and seller protection for eligible transactions, and users can also use their PayPal login to skip entering bank and card information. PayPal operates under an exemption from holding a license during the statutory transitional period in Singapore.
2. TransferWise
- Website: transferwise.com
- Headquarters: London, Greater London, United Kingdom
- Founded: 2011
- Headcount: 1001-5000
TransferWise is a platform that offers smart and reliable payment experiences, allowing users to transfer money internationally. They provide step-by-step integration guides, API references, and support to create innovative payment solutions. Users can create multi-currency accounts, fund transfers through various methods, and make payments in different currencies. TransferWise enables secure access and management of accounts and data, customization of payment flows, and leverages payments and banking infrastructure.
3. MoneyGram International
- Website: moneygram.com
- Headquarters: Dallas, Texas, United States
- Founded: 1940
- Headcount: 1001-5000
- Latest funding type: Acquired
MoneyGram is a global leader in digital P2P payments, providing innovative financial solutions to connect communities worldwide. With a focus on mobilizing the movement of money, MoneyGram serves over 150 million people, leveraging its modern platform and collaborating with top brands. Through its direct-to-consumer digital channel, global retail network, and embedded finance business, MoneyGram offers convenient and secure money transfer services. The company is also at the forefront of cross-border payment innovation and blockchain-enabled settlement.
4. Wise
- Website: wise.com
- Headquarters: London, England, United Kingdom
- Founded: 2011
- Headcount: 1001-5000
- Latest funding type: Post Ipo Debt
Wise.com is a financial technology company that provides international money transfer services and multi-currency accounts. With their platform, individuals and businesses can send and receive money globally at a low cost and with competitive exchange rates. They also offer a Wise Mastercard® for convenient spending and access to their services.
5. Payoneer
- Website: payoneer.com
- Headquarters: New York, New York, United States
- Founded: 2005
- Headcount: 1001-5000
- Latest funding type: Post Ipo Equity
Payoneer is a global payment platform that enables businesses to send and receive cross-border payments quickly and securely.
6. WorldRemit
- Website: worldremit.com
- Headquarters: London, England, United Kingdom
- Founded: 2010
- Headcount: 1001-5000
WorldRemit is a global online money transfer service that enables individuals to send money to their loved ones across borders. With a user-friendly app, convenient transactions can be made quickly and securely at competitive exchange rates.
7. Skrill
- Website: skrill.com
- Headquarters: London, England, United Kingdom
- Founded: 2001
- Headcount: 1001-5000
- Latest funding type: Acquired
Skrill is a financial technology company that offers online payment solutions to individuals and businesses. It provides a secure and convenient way to send and receive money globally, make online purchases, and manage digital wallets.
8. Mukuru
- Website: mukuru.com
- Headquarters: Cape Town, Western Cape, South Africa
- Founded: 2004
- Headcount: 501-1000
Mukuru.com is an online platform that offers money transfer services and various financial products to individuals and businesses. With a user-friendly interface and a wide network of payout partners, Mukuru.com allows users to send money to different countries quickly and securely. In addition, the company also provides services such as funeral cover, groceries, and staff payments.
9. Flywire
- Website: flywire.com
- Headquarters: Boston, Massachusetts, United States
- Founded: 2011
- Headcount: 501-1000
- Latest funding type: Ipo
Flywire is a global payment platform that enables seamless, secure transactions for businesses, organizations, and payers worldwide.
10. Ppro
- Website: ppro.com
- Headquarters: London, England, United Kingdom
- Founded: 2006
- Headcount: 501-1000
- Latest funding type: Private Equity
PPRO is a digital payments infrastructure company that provides services and expertise to payment service providers and other companies. They help power platforms and enable growth by offering relevant local payment methods. With their orchestration layer, they simplify the process of deploying and scaling checkout, acquiring, and risk services. PPRO helps businesses save time and money by offloading the heavy lifting involved in managing payments.
11. XTransfer
- Website: xtransfer.cn
- Headquarters: 上海市, 上海市, China
- Founded: 2017
- Headcount: 1001-5000
- Latest funding type: Series D
XTransfer is a global payment and money transfer service that offers a wide range of cash management and currency exchange solutions. With a focus on efficiency, security, and professionalism, XTransfer provides convenient and cost-effective cross-border transaction services for businesses.
12. CurrencyFair
- Website: currencyfair.com
- Headquarters: Dublin, Dublin, Ireland
- Founded: 2009
- Headcount: 51-200
- Latest funding type: Debt Financing
CurrencyFair is an online platform that offers fast, secure international money transfers in over 20 currencies. With competitive exchange rates, customers can save on costly transfers for various purposes such as overseas pension, tuition fees, property purchases, and more. The company provides first-class support from real people and ensures the safeguarding of funds through bank-beating FX services. Rated Excellent on Trustpilot, CurrencyFair offers a hassle-free experience with easy-to-use features and bank-level security.
13. TransferMate Global Payments
- Website: transfermate.com
- Headquarters: Kilkenny, Kilkenny, Ireland
- Founded: 2008
- Headcount: 201-500
- Latest funding type: Series C
TransferMate is a global payments platform that offers secure and efficient solutions for cross-border transactions. They provide services such as global accounts, foreign exchange, receivables, and payments. With offices in multiple countries, TransferMate caters to corporate and individual clients, offering quick and reliable transfer options.
14. BeeTech.global
- Website: remessaonline.com.br
- Headquarters: São Paulo, Sao Paulo, Brazil
- Founded: 2016
- Headcount: 201-500
- Latest funding type: Acquired
Remessa Online is an online platform that provides easy and efficient international money transfers for individuals and businesses. With low fees and fast processing times, users can send and receive money from anywhere in the world. The platform offers solutions for various needs, including receiving payments from foreign companies, investing in international markets, and sending funds to family members abroad. Remessa Online simplifies the transfer process by minimizing bureaucracy and ensuring the security of users' information.
15. Transfer Galaxy
- Website: transfergalaxy.com
- Headquarters: Örebro, Örebro, Sweden
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Series Unknown
TransferGalaxy is a payment institution that allows users to send money easily and securely to loved ones in various countries. They offer low fees and convenient mobile apps for quick transfers. Users can send money to mobile wallets or cash pickup points in over 20 countries. TransferGalaxy is dedicated to extending the reach of possibilities and supporting loved ones back home.
16. Kora
- Website: korapay.com
- Headquarters: Toronto, Ontario, Canada
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Seed
Korapay is a payment platform that offers seamless and secure cross-border transactions. With its user-friendly interface and robust infrastructure, Korapay simplifies international money transfers for individuals and businesses.
17. MORE Payment Evolution
- Website: morepaymentevolution.com
- Founded: 2003
- Headcount: 51-200
More Payment Evolution is a global payment solution company that offers safe, fast, and convenient payment services to customers worldwide. With direct bank connections in over 120 countries, we provide a seamless platform for sending and receiving remittances. Our innovative +more app revolutionizes the industry with its unique capabilities. We are committed to evolving alongside the payment industry to make cross-border payments easier and more efficient for our clients.
18. Machnet
- Website: machnetinc.com
- Headquarters: Milpitas, California, United States
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Seed
Machnet Inc. offers international payment remittance services from the United States to various countries. They provide a platform to build remittance apps, digital wallets, payroll platforms, and money transfer services for both individual and business customers. With powerful APIs and flexible options, users can collect and transfer funds domestically or internationally. The company focuses on cross-border payments and aims to create a global financial ecosystem.
19. ICB Co., Ltd.
- Website: icbnet.co.kr
- Headquarters: Seoul, Seoul, Korea (the Republic of)
- Founded: 2013
- Headcount: 51-200
ICB Business Service is a cross-border fintech leading company that offers global payment and trade settlement services to export businesses. They provide a real-time, secure, and convenient platform for overseas remittances and cross-border logistics. With their integrated trading and settlement services, ICB connects international buyers and domestic distribution companies, handling everything from order placement to payment settlement.
20. Golden Money Transfer
- Website: gmtnorthamerica.com
- Headquarters: San Diego, California, United States
- Founded: 2009
- Headcount: 51-200
GMT North America is a cross-border technology company specializing in global money transfers and financial services. With over 25 years of experience, we provide efficient customer service and adhere to strict state and federal regulations. Our services include remittance, disbursement, currency conversion, and more. Explore our brands and start sending money securely with Inyo. Contact us for transparent rates and trusted compliance solutions.
21. FacilitaPay
- Website: facilitapay.com
- Headquarters: Miami, Flórida, Brazil
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Seed
FacilitaPay is a regulated international payment facilitator that offers solutions for global companies to access the Latin American market. With just one integration, our clients can accept over 50 payment methods and expand their reach to other countries without the need to develop their own local payment ecosystem.
22. Western Union
- Website: westernunion.com
- Headquarters: Denver, Colorado, United States
- Founded: 1851
- Headcount: 5001-10000
- Latest funding type: Ipo
Western Union is a global financial services company that provides solutions for money transfers and payment needs. With a network of agents worldwide, it offers convenient and reliable methods to send or receive money in person or online.
23. Stripe
- Website: stripe.com
- Headquarters: South San Francisco, California, United States
- Founded: 2010
- Headcount: 1001-5000
- Latest funding type: Secondary Market
Stripe is a financial technology company that offers a suite of payments products and tools. They enable businesses to accept online payments, automate revenue collection, and embed financial services in their platforms or products.
Want to find more cross-border payment platform companies?
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