Annual B2B, B2C, C2B cross-border payments and remittances revenue in LATAM 2014-2022
Both commercial and consumer-based cross-border payment transactions in Latin America grew by double-digit figures between 2021 and 2022. The source largely attributes this to remittances sent from individuals in the United States to other consumers in Latin America. The United States-Mexico payments corridor is regarded as the largest in the world. The source adds that the highest global growth after 2022 is expected in C2B cross-border, due to increasing online shopping and international travel. Consumer categories, it continues, also have higher margins when compared to B2B.