Financial Transactions Sector Fueling Asia's Fintech Progression
Top Cross-Border Payment Solutions Shaping the Global Financial Landscape
In the rapidly evolving world of fintech, several companies are making significant strides in simplifying international money transfers for businesses and individuals worldwide. Here are some of the most promising cross-border payment solutions currently making waves in the industry.
Ascend Money's TrueMoney App
Ascend Money, a fintech company focusing on Southeast Asia, offers TrueMoney - an app that enables users to scan and pay at millions of locations across Thailand and 40 countries worldwide, as well as online.
Airwallex
Airwallex, a global fintech platform headquartered in Singapore, is another notable player. It offers multi-currency business accounts, international payments, expense management, and embedded finance solutions. Serving over 100,000 businesses globally, Airwallex reported a 70% year-over-year growth in 2025 and integrates with platforms like Xero and QuickBooks.
Payoneer
Payoneer, a global financial services company, simplifies cross-border transactions with online money transfer and digital payments, including a prepaid Mastercard and integrated invoicing. It charges a 2% foreign exchange markup with an annual maintenance fee of $29.95.
Salt.pe
Salt.pe, a startup based in India, enables Indian businesses to receive cross-border payments with local account details in seven major foreign currencies. It offers competitive flat transaction fees (1.75%) and uses Google rates for currency conversion.
Lianlian DigiTech
Lianlian DigiTech, a leading Chinese digital payment services provider, was recognised as the “Best Payment Solutions Provider, Cross-border Payment Solutions” by Corporate Treasurer in 2025. It reported strong revenue growth (31.6% year-on-year) and expanding global payment transaction volumes.
Alipay
Developed by Ant Group, Alipay+ allows international businesses to accept payments from Chinese and Asian customers without local registration, supporting over 60 regional payment methods including Alipay and AlipayHK. It offers real-time FX settlement and extensive multi-wallet and card acceptance.
Other notable mentions include J.P. Morgan, recognised for leadership in FX and investment in blockchain technologies to streamline cross-border transactions and enhance financial inclusion.
These companies are highlighted for their innovation, robust technology platforms, wide global reach, and integration capabilities that simplify and enhance international money transfers. The sources span fintech rankings, awards, and industry-specific payment solution reviews from 2024 and 2025.
Meanwhile, other fintech companies are making strides in their respective markets. For instance, Vitesse, a provider of treasury and payment solutions, has partnerships with hundreds of financial companies globally and supports payments to over 180 countries. Sokin, a global payments provider serving emerging economies, offers services such as global currency accounts, multicurrency payments, FX, and ecommerce payments.
Barq, a digital challenger bank launched in Saudi Arabia, has rapidly grown its customer base, having reportedly signed up one million customers within its first three weeks of officially launching its digital wallet solution. Currenxie, a global payment services provider, supports more than 12,000 clients and has moved more than $15bn in funds.
In conclusion, the cross-border payment landscape is becoming increasingly diverse and competitive, with numerous fintech companies offering innovative solutions to cater to the growing demand for seamless international transactions.
- Market sizing analysis reveals a growing interest in investing in fintech companies that specialize in cross-border payment solutions, given their potential to disrupt the global financial landscape.
- The finance sector, particularly lifestyle and real-estate industries, could benefit from the implementation of these efficient cross-border payment solutions, as they aid in streamlining transactions and reducing costs.
- Technology advancements in cross-border payment solutions have enabled companies like Alipay+ to offer real-time foreign exchange settlement and extensive multi-wallet and card acceptance, providing opportunities for international businesses to expand their reach.
- In the realm of education-and-self-development, learning institutions and students can utilize these solutions to facilitate international tuition payments and scholarships, broadening access to global education opportunities.
- General-news outlets and sports broadcasters, meanwhile, can utilize cross-border payment solutions to receive sponsorship payments from brands across the world, enhancing their financial stability and enabling them to focus on providing quality content to a global audience.
