XRP Partner Projects $290 Trillion in Global Cross-Border Payments by 2030

The global cross-border payment market, currently valued at $190 trillion, is projected to grow by 53% to $290 trillion by 2030. Tranglo, Ripple’s partner, aims to address rising demand for efficient, transparent, and cost-effective B2B payment solutions.

The cross-border payment market is on track for substantial growth, with total global transactions anticipated to reach $290 trillion by 2030, according to FXC Intelligence. This marks a significant increase from the current $190 trillion valuation. The business-to-business (B2B) cross-border segment is particularly notable, with its market size expected to grow by 43% from $39.3 trillion to $56.1 trillion, largely driven by B2B e-commerce expansion and demand for improved digital solutions.

As businesses aim to meet the needs of an interconnected world, the necessity for seamless, secure, and cost-effective payment methods continues to rise. Ripple’s partner, Tranglo, provides enhanced cross-border payment solutions that allow businesses to conduct transactions efficiently and transparently, addressing the growing demand from small to medium-sized enterprises (SMEs). The COVID-19 pandemic played a significant role in accelerating digital transformation among SMEs, driving them to explore cross-border markets for revenue growth.

Consumers, too, are increasingly participating in cross-border transactions, with 54% expressing plans to increase such purchases. However, companies face challenges in executing these transactions efficiently, especially within the B2B segment. Hurdles like high foreign exchange costs, unpredictable tax rates, and steep transaction fees impact the cost-effectiveness of B2B transactions. Furthermore, unpredictable processing times can disrupt liquidity and complicate supply chains, making reliable payment partners indispensable.

Tranglo, a recognized leader in cross-border payment solutions, holds a Money Service Business (MSB) license and is acknowledged by the International Association of Money Transfer Networks (IAMTN). Tranglo Business provides comprehensive collection and payout solutions for diverse transaction types, supporting payments for goods, services, loans, and capital injections. The platform’s advanced offerings support both business-to-business and consumer transactions, improving operational transparency and reducing transactional costs across global markets.

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