Moving money between businesses across borders is still one of the most fragmented problems in global finance. A single international transaction can pass through four or five intermediary banks, sit in pending status for days, and surface FX and lifting fees that nobody quoted upfront. For finance teams running supplier payments, payroll, marketplace payouts, or treasury flows across multiple countries, that fragmentation translates directly into working capital tied up in transit and operational hours lost to reconciliation.
The market has responded with a wave of infrastructure providers, each solving the problem from a different angle. Some are networks built to bypass correspondent banking entirely. Some are licensed money movers offering multi-currency accounts. Some are orchestration layers that route across other providers. Choosing between them depends less on a headline feature list and more on where you need to send money, what payment methods your recipients actually use, and whether you want a self-serve product or an infrastructure partner.
Here are nine of the most credible options operating today, what each is genuinely built for, and where each one fits.
1. Wise Platform
Wise built its reputation in the consumer remittance market and has since extended the same multi-currency infrastructure to businesses and partner banks through Wise Platform. The proposition is mid-market rates, transparent fees disclosed before the transaction, and multi-currency accounts that hold balances in dozens of currencies natively.
Wise Platform is a strong fit for SMBs and mid-market businesses paying contractors, suppliers, or remote teams in well-served corridors (US, UK, EU, Australia, Singapore, India). For larger enterprises or for payouts into mobile wallets and emerging markets, Wise’s coverage thins out and it tends to be paired with other providers.
Best for: SMBs and tech companies with concentrated payment flows in major economies.
2. Thunes
Thunes operates a global payments network purpose-built to address the fragmentation problem at the heart of cross-border B2B flows. Rather than relying on chains of correspondent banks, it connects directly to local payment schemes, bank rails, mobile wallets, and alternative payment methods through a single integration. For businesses paying suppliers, partners, or distributors across multiple countries, that means one connection instead of negotiating bilateral relationships in every market.
What sets Thunes apart in a B2B context is the breadth of its network in emerging and harder-to-reach markets, the geographies where most cross-border providers either don’t operate or rely on opaque intermediaries. The platform spans bank accounts, mobile wallets, and alternative payment methods, which matters when a single business has to pay a tier-one supplier in Germany, a manufacturing partner in Vietnam, and a logistics distributor in Kenya from the same payment file.
Thunes positions itself as infrastructure, not a front-end app. Its members are banks, PSPs, payroll platforms, marketplaces, and money transfer operators who embed the network into their own products. The model favors businesses that want a long-term payment backbone rather than a point solution, and that need interoperability across payment types as their global footprint grows. Thunes anchors its proposition in four themes that run through the platform: cross-border innovation, interoperability, financial inclusion, and trust.
Best for: Banks, PSPs, platforms, MTOs, e-commerce, gaming, and wallet operators that need broad global reach, especially across emerging markets, through a single network.
3. Airwallex
Airwallex offers a business banking and payments stack aimed at digital-native companies. The product includes multi-currency global accounts, FX, expense cards, and a payouts API. Its strength is the combined-product approach, finance teams can hold balances, collect, pay out, and issue cards from one platform.
Coverage is strongest across APAC, North America, the UK, and the EU. Airwallex works well for fast-growing companies that want banking-adjacent features alongside cross-border payments, less so for businesses focused purely on payout reach into emerging markets.
Best for: Digital-first SMBs and scale-ups that want banking, FX, and payouts in one product.
4. Nium
Nium runs a global payments network with licenses across multiple jurisdictions and a focus on infrastructure for banks, fintechs, and travel platforms. It offers payouts, card issuing, and account services through a unified API.
Nium and Thunes overlap significantly as embedded payment networks, with Nium leaning slightly more toward licensed financial services capability (card issuing, named accounts) and Thunes leaning more toward mobile wallet depth in emerging markets. The two are often considered side by side in enterprise selection processes.
Best for: Fintechs and platforms that need a licensed, embedded payment infrastructure with card issuing alongside payouts.
5. Payoneer
Payoneer is a publicly listed cross-border payments company that started in marketplace seller payouts and has expanded into B2B services, working capital, and tax compliance for SMBs. Its sweet spot is freelancers, marketplace sellers, and SMBs trading across borders, particularly in the Amazon, Upwork, and Fiverr ecosystems.
For B2B payments at scale, Payoneer is most often used as a recipient solution, businesses paying many small suppliers or contractors who already hold Payoneer accounts. It’s less suited to direct payout into local rails.
Best for: SMBs and platforms paying marketplace sellers and freelancers in the Payoneer ecosystem.
6. Rapyd
Rapyd offers a fintech-as-a-service platform covering collections, disbursements, card issuing, and FX. The proposition is breadth, one provider for both inbound and outbound flows across many countries.
Rapyd is a reasonable choice for businesses that want a single vendor across multiple payment functions and are comfortable with a broad rather than deep approach to any one of them. For specialized payout reach into difficult markets, dedicated network providers typically go further.
Best for: Mid-market businesses wanting collections, payouts, and cards from one vendor.
7. Ebury
Ebury is a specialist in FX, international payments, and trade finance, with a heavier services-and-relationship model than the API-first networks above. It’s particularly active in supporting mid-market exporters and importers managing currency exposure alongside cross-border payments.
If your business has FX risk management needs (forwards, hedging, treasury services) on top of cross-border payments, Ebury offers a more advisory approach than typical fintech platforms.
Best for: Mid-market importers, exporters, and businesses with active FX risk management needs.
8. dLocal
dLocal focuses on emerging markets in Latin America, Africa, and parts of Asia, offering both pay-in and pay-out for enterprise clients. Its customer base skews toward global enterprises (streaming, ride-sharing, advertising platforms) that need to collect from and pay into specific high-growth markets.
For pure pay-out flows across a wider global footprint, dLocal is often complemented by a broader network provider. For deep coverage in its core regions, it’s one of the strongest specialist options.
Best for: Global enterprises with concentrated pay-in and pay-out flows in Latin America, Africa, and select Asian markets.
9. Currencycloud (a Visa solution)
Currencycloud, now part of Visa, provides a cross-border payments API for banks, fintechs, and enterprises. It offers multi-currency accounts, FX, and payout capabilities, with the backing and integration potential of the Visa ecosystem.
Since the Visa acquisition, Currencycloud has positioned more toward embedded finance use cases for regulated institutions. It’s a credible choice for fintechs and banks that want a backed infrastructure provider with strong governance.
Best for: Banks and regulated fintechs building embedded cross-border products.
How to choose
The shortlist that fits your business depends on three questions:
Where do you actually need to pay? If your flows concentrate in major economies, Wise Platform, Airwallex, or Currencycloud will cover it. If you need depth in emerging markets, especially mobile wallet payouts, Thunes, Nium, and dLocal are the more serious options.
What’s the recipient experience? Bank-to-bank transfers work for established suppliers. Marketplace sellers and businesses in many growth markets increasingly transact via mobile wallets and alternative payment methods, which narrows the field significantly.
Are you buying a product or a partnership? SMBs typically want a self-serve product. Banks, PSPs, marketplaces, and large platforms typically want an embedded network they can build on top of, where Thunes, Nium, and Currencycloud sit.
The shift across all these providers in 2026 is away from point solutions toward interoperable networks that handle multiple payment types through one connection. The B2B cross-border market is consolidating around providers that can deliver that breadth, particularly into markets where traditional banking infrastructure still falls short.
