The Cross-Border Payments Industry is Set to Take Off with the CashQ API

The world of cross-border payments has long been plagued with outdated technology, high costs, and slow transaction times. Banks like Bank of America and Citi still use SWIFT, resulting in long delivery times that can take up to several days and a lot of information required for origination. Meanwhile, neobanks like Chime and CashApp may not offer cross-border payments.

The market for outbound cross-border payments, including personal remittances and gig payments, is estimated to reach $1.2 trillion by the end of 2022. But even though over 95% of households in the US have access to a bank, they still need access to convenient cross-border payment options. As a result, customers turn to third-party companies for cross-border payments, leading to bank revenue leakage.

That's where CashQ API comes in - a global push payments platform changing the game for banks and neobanks. CashQ API enables funds to be sent instantly, seamlessly, and securely to any account using card or phone numbers. With CashQ API, banks and neobanks can offer their customers the necessary convenience while retaining control over the funds.

CashQ API was developed to meet the demands of a rapidly changing market, and it's already making waves in the industry. Its advanced technology eliminates the need for SWIFT, resulting in faster and cheaper transactions. And because it's so user-friendly, customers won't need to provide much information to get started, making cross-border payments more accessible than ever before.

The cross-border payments industry is poised for massive growth in the coming years, and CashQ API is perfectly positioned to capitalize on that growth. With its advanced technology and user-friendly interface, CashQ API is the future of cross-border payments, and banks that adopt it now will be ahead of the curve.

So if you're a bank or neobank looking to stay ahead of the curve, it's time to consider CashQ API. Its cutting-edge technology and proven track record make it the perfect solution for banks and neobanks looking to take their cross-border payments to the next level.