Trends in Cross-Border Payments for 2024: Innovations from Inter

In an increasingly globalized world, cross-border payments have become an essential tool for individuals and businesses needing to carry out international transactions quickly and efficiently.

For 2024, significant transformations are expected in the sector, driven by new technologies, regulatory changes, and a focus on reducing costs.

In this context, Inter stands out in the modernization of the financial sector, with a super app designed to simplify global transactions.

Key Trends in Cross-Border Payments for 2024

For 2024, an evolution in the sector is anticipated, propelled by the adoption of new technologies, the ongoing compliance with regulations, and the implementation of strategies aimed at reducing costs.

Staying informed about these trends not only helps to conduct more efficient and secure transactions but also provides a competitive advantage for those looking to operate in a constantly changing global environment.

New Technologies for Quick and Secure Payments

• Blockchain and Cryptocurrencies

Blockchain technology has revolutionized the way cross-border payments are made by offering a secure and decentralized system for processing transactions.

Cryptocurrencies, in particular, allow for direct transfers and eliminate intermediaries, reducing costs and wait times. By utilizing blockchain, payments are nearly instantaneous and less vulnerable to fraud, fostering trust and efficiency in international finance.

• Real-Time Payments

The demand for immediate payments has driven the development of technologies that facilitate real-time transfers between countries. Instant payment systems are optimized to ensure that funds reach their destination within seconds, avoiding the delays typically associated with traditional transfers.

Regulatory Changes and Their Impact on Global Payments

• Updates in Compliance and Regulation

In 2024, regulations on cross-border payments continue to evolve to enhance transparency, security, and control in international transactions. These new regulations directly impact financial institutions and fintech companies, which must adapt to stricter standards regarding data protection and fraud prevention.

• Inter’s Adaptation to International Standards

Inter is committed to meeting the highest regulatory standards to provide a safe and reliable service to its users. With a focus on transparency and customer protection, Inter has designed its super app to easily adapt to regulatory changes, giving users peace of mind when making international transactions.

Solutions to Reduce Costs in International Transactions

• Optimized Payments and Fee Reduction

Reducing costs in international transfers is a priority for users seeking efficiency in their transactions. In response, the financial sector has developed various strategies to minimize commissions and fees, optimizing the money sending process.

These strategies include the elimination of unnecessary intermediaries and the adoption of direct payment technologies, allowing users to save significantly on their cross-border transfers.

• Benefits of Using Inter’s Super App

The Inter super app is designed to provide users with an efficient and economical platform for their cross-border payments. With competitive rates and an optimized transfer process, users can conduct global transactions at low cost without compromising security or speed. Download it here.

Inter's Innovation and Leadership in the Modernization of the Financial Sector

Commitment to Digital Transformation

Inter positions itself as a leader in financial sector innovation thanks to its commitment to digital transformation. Its super app integrates advanced technology and cutting-edge services, providing users with a comprehensive solution to manage their cross-border payments quickly and securely.

With a focus on enhancing user experience, Inter has implemented tools that simplify international transactions while ensuring high levels of transparency and efficiency.

Adapting to the Needs of a Globalized World

In a context of increasing global transactions, Inter has developed solutions addressing the demands of users requiring an intuitive and secure experience.

Through its platform, Inter offers services designed for a global audience, staying at the forefront of the sector while delivering users an efficient and reliable transaction experience.

Download the super app and discover how a single platform can facilitate your international transactions.

The Future of Cross-Border Payments and the Role of Inter

The future of cross-border payments is directed towards greater agility, accessibility, and security, marking a significant evolution in how individuals and businesses conduct international transactions.

Inter is well-positioned to lead this transformation, combining technological innovation and a focus on user satisfaction to respond to the changing needs of a global market.

With Inter, users have a platform that not only adapts to current trends but also anticipates future ones, allowing them to enjoy a modern and efficient financial experience.

Download the Inter super app and discover how technology can optimize your international transactions.

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Inter&Co (NASDAQ: INTR) is the pioneer financial super app serving over 36 million consumers across the Americas. The Inter&Co ecosystem offers a broad array of services, including banking, investments, mortgages, credit, gift cards, and cross-border tools. The super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. The company is expanding rapidly in the United States, as evidenced by its naming rights sponsorship of the Inter&Co Stadium that hosts soccer teams “Orlando City” and “Orlando Pride”. Focused on innovation and captivating member experiences, Inter&Co delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.

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INTER & CO PAYMENTS, INC., doing business as inter&co (“Inter&Co”), is a financial technology company, a registered money services business (MSB) and a licensed money transmitter, not a bank (NMLS ID #907330). Massachusetts Foreign Transmittal Agency (License #FT114374-100). Rhode Island Currency Transmitter (License # 20203960CT). Click here to access our NMLS licenses.

Banking services are provided by Community Federal Savings Bank (“CFSB”), Member FDIC and deposits are held by CFSB and Wells Fargo Bank, Members FDIC. Inter&Co is not a depository institution, and your deposits are not eligible for FDIC insurance.
For more information regarding your Inter&Co Account, view the Inter&Co Account Agreement at https://us.inter.co/compliance?interandco-account-agreement

To provide you with the Inter&Co Account, we share your information with CFSB. View the CFSB Privacy Notice at https://www.cfsb.com/privacy/ for details.

Mortgage services are provided by Inter US Finance, LLC (NMLS ID #1161874), an affiliate of Inter & Co Payments, Inc.

Securities brokerage services are provided by Inter&Co Securities LLC, Member FINRA/ SIPC , an affiliate of Inter & Co Payments, Inc. and a wholly-owned subsidiary of Inter&Co US Holding. View important information and disclosures here .

The Inter Mastercard® International Debit Card (“Global Card”) is issued by the international branch of Banco Inter S.A. in the Cayman Islands, authorized to operate as a category “B” banking institution by the Cayman Islands Monetary Authority – CIMA (“Cayman Branch”), linked to a US dollar checking account in the Cayman Islands maintained by the Cayman Branch (“Cayman Account”). For more information about the Cayman Account and the Global Card offered by the Cayman Branch, see the Cayman Account and Global Card Agreement, available at Cayman Account and Global Card Agreement. .

The Cayman Account and Global Card are offered by the international branch of Banco Inter S.A. in the Cayman Islands, an affiliate of Inter&Co, and are not features of the Global Account nor are they offered by Inter&Co Payments. The Cayman Account and Global Card are not available for U.S. customers.

To offer you the Cayman Account and the Global Card, we share information with the Cayman Branch. Personal data will be subject to the Data Protection Act of the Cayman Islands, as well as the General Data Protection Law. To learn more about how we protect your personal data, see our Privacy Policy, available at https://inter.co/politica-de-privacidade/ .

If you have any questions or concerns regarding any transaction, please write to us at 501 Brickell Key Drive, Suite 202, Miami, FL 33131, or by email at help@inter.co or by calling us at 1-888-305-7264.

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