A new joint report by Money20/20 and FXC Intelligence reveals Asia-Pacific’s cross-border payment volume is set to nearly double by 2032, reaching $23.8 trillion. Fueled by real-time payments, digital wallets, and regional collaboration, the region is becoming a global leader in payment innovation.
BANGKOK, 24 APRIL 2025 – Money20/20, the world’s premier fintech event, has unveiled a groundbreaking report in collaboration with FXC Intelligence at Money20/20 Asia in Bangkok. The report projects that Asia-Pacific’s cross-border payments volume will surge from $12.8 trillion in 2024 to an estimated $23.8 trillion by 2032—an increase that outpaces the global average and boosts the region’s share of global flows to 36.8%.
Titled “How Will Asia’s Money Move in the Future? 2025’s View of 2035”, the report compiles insights from over 100 industry stakeholders and provides in-depth market sizing data. It outlines the technological, regulatory, and behavioral forces that are reshaping Asia’s cross-border payment infrastructure.
Among the most critical developments is the rise of interoperability. A striking 88% of stakeholders identified it as “very or extremely important” to the region’s financial future. Real-time payment systems are expected to lead the transformation, with 66% of respondents placing their bets on them, followed closely by digital wallets (59%), as well as emerging tools like CBDCs, stablecoins, QR codes, and open APIs.
Consumer habits, progressive regulatory policies, and private-sector innovation are cited as the top drivers of change. Notably, while B2B and B2C transactions remain dominant in volume, the B2C segment is predicted to experience the fastest growth, propelled by ecommerce and the rise of subscription-based services.
The report also emphasizes regional cooperation through initiatives like Project Nexus, which aim to enhance cross-border interoperability. However, it acknowledges the complexity of the region, noting that a singular, dominant solution is unlikely due to its diverse financial ecosystems.
“We’re seeing a significant acceleration in how cross-border money moves, and the next decade will be crucial in shaping the infrastructure that powers it,” said Scarlett Sieber, Chief Strategy and Growth Officer at Money20/20.
Daniel Webber, CEO of FXC Intelligence, added, “This report underscores the need for intentional collaboration across borders, sectors, and technologies to create truly inclusive financial ecosystems. Interoperability isn’t just a tech challenge—it’s a regional opportunity.”
As Asia-Pacific shifts from fragmented systems to more cohesive, technology-driven networks, the report concludes that scalable innovation, harmonized policies, and public-private partnerships will be vital in shaping the next era of global payments.
