In 2025, as per the IMF report, banks have ended up as the most expensive gateway to send foreign remittance and considering the fact that cross border spending will jump to $320 T by 2032, banks are in tremendous pressure to either innovate their existing payment rails or risk losing their market share to advanced technologies. In this article, we shall see how bank’s market share in global payments is threatened by emerging technologies like stablecoins, the challenges they face to compete ...