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B2B cross-border payments are losing their stickiness, and fintechs are capitalising on it
A £10,000 transfer gave Wise its founding idea. At Sibos in Miami, Mike Robertson of Wise Platform and Johan Gerber of Mastercard discussed how local payment systems, greater transparency and new payment options are reshaping cross border payments.
The conversation explored how Wise built its network around a simple principle: collect money locally in one country and pay it out locally in another, reducing the need for intermediaries.
They also discussed why trust, speed and cost matter to businesses, how banks are working with fintechs, and how Mastercard is approaching a multi rail payments…
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