Predictions are that B2B is to remain the largest segment within cross-border payments worldwide, as transaction volumes grow significantly despite COVID-19. Cross-border payments, as the name implies, refer to payments done across national borders. This can include, for example, consumers buying goods from foreign online retailers - qualifying these payments as B2C - but are especially important for banks or companies operating internationally. It is with this cross-country interoperability in mind that some countries are developing so-called CBDC, or Central Bank-Issued Digital Currencies. Examples of such coins, created and issued by a central bank, include the Sand Dollar in the Bahamas, Sweden's e-krona or the upcoming China's e-CNY - due to launch at the 2022 Winter Olympics in Beijing.
Value of B2B, B2C, C2B and C2C cross-border payments worldwide from 2018 to 2020, with forecasts for 2021 and 2022
(in trillion U.S. dollars)
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EY. (February 23, 2021). Value of B2B, B2C, C2B and C2C cross-border payments worldwide from 2018 to 2020, with forecasts for 2021 and 2022 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/
EY. "Value of B2B, B2C, C2B and C2C cross-border payments worldwide from 2018 to 2020, with forecasts for 2021 and 2022 (in trillion U.S. dollars)." Chart. February 23, 2021. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/
EY. (2021). Value of B2B, B2C, C2B and C2C cross-border payments worldwide from 2018 to 2020, with forecasts for 2021 and 2022 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/
EY. "Value of B2b, B2c, C2b and C2c Cross-border Payments Worldwide from 2018 to 2020, with Forecasts for 2021 and 2022 (in Trillion U.S. Dollars)." Statista, Statista Inc., 23 Feb 2021, https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/
EY, Value of B2B, B2C, C2B and C2C cross-border payments worldwide from 2018 to 2020, with forecasts for 2021 and 2022 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/ (last visited November 17, 2024)
Value of B2B, B2C, C2B and C2C cross-border payments worldwide from 2018 to 2020, with forecasts for 2021 and 2022 (in trillion U.S. dollars) [Graph], EY, February 23, 2021. [Online]. Available: https://www.statista.com/statistics/609723/value-of-cross-border-payments-by-type/
