A beneficiary is usually oblivious to the intricate networks that data and money flow across before cash lands in their bank account. The sender, however, is struck with dozens of choices to make with a cross-border transfer that might leave them reeling.
At this stage, a network of networks – along the lines of what Unbounded is doing – where senders can differentiate between various platforms and their offering, will be invaluable.
But what will happen as more and more payment solutions come to fruition?
There will be consolidation in the payments industry.
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