Leading Mobile Payment Providers and Their Cross-Border Financial Services: Ant Group, Paysend, and Nium

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Report
13 Pages
January 2024
Region: Global
Market Intelligence & Consulting Institute (MIC)
ID: 5941510

Cross-border payment refers to the transaction activity of transferring funds internationally. Influenced by the recovery of international travel, the increasing demand for overseas payments, and the enhancement of payment convenience by mobile payment apps, the global cross-border payment market continues to grow. This report aims to understand the current status of the cross-border payment market by observing market data and international government promotion. It also analyzes the operational trends, product services, and revenue models of three leading international mobile payment service providers, including China's Ant Group, UK's Paysend, and Singapore's Nium, with an aim to explore key development trends in the global cross-border market.

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1. Development of the Cross-Border Payments Market

1.1 Global Cross-Border Payment Market Size Expected to Top Over US$56T by 2030
1.2 Increasing Frequency of Cross-Border Payments with Mobile Payment Apps as a Key Channel
1.3 Governments Formulate Promotion Strategies to Accelerate Cross-Border Payments

2. Development of Cross-Border Payment Providers

2.1 Ant Group
2.1.1 Leverage Group Brand and User Base Advantages to Integrate Cross-Brand Mobile Payment Services for Global Presence
2.1.2 Three Major Services Satisfy Demand for OMO Collection, Digital Marketing, and Customized Cross-Border Payment Apps
2.1.3 Transaction Fees and Service Plan Charges as Main Revenue Sources While Profit-Sharing and Platform Maintenance as Key Costs
2.2 Paysend
2.2.1 Connecting Global Payment Networks to Offer Cross-Border Remittance and Payment Services from Consumers to Enterprises
2.2.2 Paysend Addresses All Kinds of Cross-Border Payment Needs for Consumers and Enterprises
2.2.3 Transaction and Subscription Fees as Main Revenue Sources, with Profit-Sharing, System, and App Maintenance as Main Costs
2.3 Nium
2.3.1 Unicorn Focuses on Providing Corporate Cross-Border Payment Services for Enterprises with Plans to Go Public in 2025
2.3.2 Nium Provides Enterprise Cross-Border Payment Platforms via Embedded API Payment Technology
2.3.3 Transaction and Service Fees as Main Revenue Source with Profit-Sharing, Platform, and App Maintenance as Major Costs

3. The Analyst's PerspectiveAppendixList of Companies

List of Tables

Table 1: G20 Revised Cross-Border Payment Roadmap - Priority Promotion Strategies
Table 2: Collaboration of Real-Time Payment System Integration in Asian Countries
Table 3: Selection of International Cross-Border Payment Providers
Table 4. Nium's Financial Services Licenses Globally
Table 5: Service Features and Revenue Models of International Cross-Border Payment Providers

List of Figures

Figure 1: Ant Group's Alipay+ Revenue Model
Figure 2: Paysend's Revenue Model
Figure 3: Nium's Revenue Model

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Akulaku
Alibaba
Ant Group
Boost
E.SUN Bank
Epay
Equifax
Experian
EZ-Link
GCash
Ixaris
Jko Pay
Kakao Pay
Mastercard
Nium
Paysend
PX Pay
Tinaba
TransUnion
UnionPay
Visa

Methodology

Primary research with a holistic, cross-domain approach

The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.

Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:

Method

Component supplier interviews
System supplier interviews
User interviews
Channel interviews
IPO interviews
Focus groups
Consumer surveys
Production databases
Financial data
Custom databases

Methodology

Technology forecasting and assessment
Product assessment and selection
Product life cycles
Added value analysis
Market trends
Scenario analysis
Competitor analysis

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Table of Contents

Companies Mentioned (Partial List)

Methodology

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