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RePEcTrading, Microstructure & Execution

Competing rails for crossborder payments: banks, fintechs, and stablecoins

Fintech money-transfer operators have compressed cross-border payment costs relative to banks; stablecoins do not eliminate frictions across corridors and payment values.

Featured in No. 137 on 30 Oct 2026 · 4 days after release

Median costs by fintech MTOs decline steeply with transfer amount across four tier levels.
Figure 1: Median Costs by Fintech MTOs in USD-corridors
Released
26 Oct 2026
First featured
No. 137 · 30 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
2 of 5
Identifier
RePEc:bis:biswps:1385
Authors
Wenxin Du et al.

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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