That’s how much merchants worldwide saved in 2024 as customers paid with digital wallets instead of cards.
📱 30–50% lower costs: Across Asia, cross-border payments increasingly flow through wallets like Alipay+ and local pay methods. They bypass expensive card networks. Instead of interchange, scheme fees and FX markups, merchants usually pay just a simple service fee.
💸 Fewer fees, higher margins: Specialized cross-border payment platforms bundle wallets and local payment methods and route transactions through domestic channels whenever possible. This lowers fees, stabilizes FX costs, and improves checkout conversion rates.
Watch: 100 USD is always 100 USD for the buyer. For merchants, however, the exact same payment can cost wildly different amounts depending on the country, card type, currency and network. Merchants who optimize payment routing and prioritize wallets cut costs significantly and protect their margins in international business.
Do you rely on digital services for cross-border payments? |
|
Login or Subscribe to participate in polls. |
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
