Why 99% of Cross-Border Consumers Insist on Local Payment Methods

Juggling risk and convenience in cross border payments

The globalised education landscape continues to grow. According to ICEF Monitor, the volume of students studying abroad is expected to reach more than 9 million by the year 2030. And for education sectors around the world, international students are a major financial pillar. For example, in the 2021/22 academic year, non-EU students generated almost £9bn in tuition for UK universities. Pursuing academic goals abroad is an exciting prospect for s…

Why 99% of Cross-Border Consumers Insist on Local Payment Methods

Despite the widespread adoption of digital technologies, merchants are finding that cross-border payment complexities continue to pose hurdles to capturing international sales opportunities. [contact-form-7] It’s one of the key findings from “How Payments Optimization Can Power an International Commerce Strategy,” from PYMNTS. As global eCommerce is projected to exceed $10 trillion in value by 2030 with a compound annual growth rate (C…