SAN FRANCISCO, June 10, 2026 /PRNewswire/ -- Despite leading the world in domestic payment innovation, Asia's cross-border payment corridors remain among the most inefficient globally, according to a whitepaper by stablecoin cross-border payment infrastructure provider, Saber.
Asia is home to some of the world's most advanced domestic payment systems, including Singapore's PayNow, the Philippines' InstaPay, and Thailand's PromptPay. Yet an estimated $5 trillion sits idle in pre-funded correspondent accounts globally at any given moment due to inefficiencies in cross-border payments. A $200 transfer attracts 6-10% in fees, takes days to clear, and passes through multiple correspondent banks before reaching a recipient.
