How are you all I hope you are well by the infinite mercy of the Most Merciful Creator.  Today i will discuss Cross-border payment ! I will try to make a short informative discussion today.

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[Source](https://www.pexels.com/photo/gold-bitcoin-coin-on-background-of-growth-chart-7788009/)
A cross-border payment refers to any transaction where the payer and recipient are located in different countries;  These transactions can be performed between individuals, companies and banking institutions.  The value of cross-border payments is expected to exceed $250 trillion by 2027, making it one of the fastest growing segments of the global payments ecosystem.
  Why use cross-border payments?
  Globalization, digitalization and the rise of e-commerce have changed the way consumers around the world shop, creating a truly global marketplace.  In this environment, merchants have opportunities to enter new markets and access new customer bases — but to take advantage of those opportunities, they must first understand the nuances and expectations of consumers in different regions.

[Source](https://www.pexels.com/photo/various-cryptocurrency-on-table-5435844/)
  For example, merchants who want to increase their customer base in Europe would do well to offer sofort, an online payment system that acts as an intermediary between buyers and merchants.  Owned and operated by Klarner, SOFORT is widely used throughout Germany, Austria, Belgium, the Netherlands, Poland, Italy, Spain and Switzerland.  Merchants hoping to do business in Latin America will likewise want to support PayPal, one of the region's most popular payment methods, as well as voucher-based payments such as Boleto in Brazil, OXXO in Mexico, and Via Baloto in Colombia.
  The whole purpose of cross-border payments is to help merchants adapt their global trade strategy to local markets;  By offering payment options in different regions familiar to consumers, merchants can both enhance the customer experience and capitalize on new revenue streams.
Today's discussion ends here.  I hope you find it interesting and understandable.  Share your thoughts on today's topic.  Greetings and blessings to all.  Stay well everyone, stay healthy, stay tuned to Steemit.