BlockBeats news, on July 27, Everbright Securities released a research report stating that the global retail cross-border payment market size will reach 39.9 trillion USD in 2024. According to FXC Intelligence, this size is expected to increase to 64.5 trillion USD by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In the business levels of RMB cross-border clearing and multi-currency settlement, third-party payment institutions have been deeply embedded in the full-chain payment service ecosystem, playing an important role.
It is expected that stablecoins will drive the global expansion of the RMB cross-border payment infrastructure and diversify application scenarios, thus a growth potential in revenue for third-party payment companies is anticipated. (Daily Economic News)