The FinTech revolution in the twenty-first century, further accelerated by the COVID-19 pandemic, has brought to the fore disruptive financial services and solutions. The instant cross-border payments segment, a major FinTech domain, offers services that enable real-time remittances from one country to another. Cross-border transactions have become indispensable in this age of globalization and migration for employment. Modern technology is further fueling growth in the cross-border payments segment.
