Over the past two months, the European Payments Council (EPC) invited payments industry professionals to answer the following question: “In your opinion, which type of approach in international cross-border payments will see the largest growth in adoption over the coming 10 years".
The results of the poll were as follows:
The results of the poll show one clear leading answer. Over half of all votes (53%) were cast in favour of scheme-based solutions as the approach seeing most growth in adoption over the next ten years. The EPC OCT Inst scheme launched in November 2023 is an example of scheme-based solutions for international cross-border payments.
The other two top answers among voters were bilateral or multilateral interlinking arrangements (20%) and peer-to-peer platforms (17%). Correspondent banking (4%), closed-loop solutions (3%) and other (2%) solutions all received a similar, relatively small number of votes.
Interested in knowing what your peers think about the latest topics in payments? Join the conversation and cast your vote in our next poll.
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