Cross-border payment platforms expand features to draw users

Firms are now aiming to strengthen their operations by expanding both their user base and the range of transactions users can make. PHOTO ILLUSTRATION: PEXELS
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SINGAPORE – Firms that supply cross-border payment services are ramping up their product features in a bid to lure back the wealth of business that was lost when travel was upended by the pandemic.

The sector had been on a dream run before Covid-19 hit, racking up meteoric growth in its remittance and currency conversion offerings.

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