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Borderless FX

January 2019

International payment volumes are continuing to grow on the back of trade expansion. In fact, international payment volumes are growing at an even faster rate than global GDP growth. 

While the International Monetary Fund (IMF) has forecast global GDP growth of 3.7% for 2018, the overall value of cross-border payments for the year is estimated at $23.6 trillion and is set to keep increasing at a rate of 5.6% per annum.