Slashing the intermediary tax in cross-border payments: why fee reduction needs an operating model

The cross-border payment industry is grappling with high fees, often exacerbated by intermediaries that add unnecessary costs. To truly slash these fees, a fundamental rethinking of the operating model is necessary. This isn't just about reducing charges; it's about streamlining processes to eliminate inefficiencies. The implications are significant, as lower fees could enhance global trade and financial inclusion, making transactions more accessible and affordable for businesses and individuals alike.