B2B cross-border payments market is growing: in 2024, it moved US$31.6 trillion, and by 2032, the research platform FXC Intelligence projects it will grow to US$50 trillion. This value encompasses transactions from companies of different segments and sizes, involving both goods and services.
With new global remote work models, cross-border hiring has also begun to involve different currencies in salary payments. This niche, of freelancers and contractors who receive payments from companies abroad, is one that drives international B2C payments, which are expected to reach US$4.4 trillion by 2032 (a 131% increase compared to 2024), according to the research.
When the scenario involves salary and receiving payments, it's certain that fluid and economical experiences will be a necessity for professionals, who are also consumers.
“People no longer want lengthy and expensive experiences; they want to move their money freely and without costs, but still backed by secure banking systems. One resource that enables this is stablecoins , which are making this boom in digital financial solutions possible,” explains Teymour H. Farman-Farmaian, CEO and co-founder of Higlobe , a fintech company for Brazilian professionals who receive payments in dollars from international companies.
This digitization of solutions has replaced well-known models, such as SWIFT and traditional banks. Therefore, models that offer speed and low cost are emerging strongly, such as ACH transfers to US accounts and infrastructures based on blockchain and stablecoins.
A stablecoin is a digital currency whose value is pegged to a common currency, such as the Brazilian real or the US dollar. It is backed by equivalent reserves in safe assets, such as cash or government bonds, at a ratio of 1:1. Storing stablecoins in digital wallets allows for quick and secure sending and receiving of funds, including between countries. Fintechs like Higlobe use this technology to facilitate international payments.
economical, secure, and faster alternative compared to the traditional system: our clients only pay 0.3% to convert their dollar salary to reais. We serve the fastest-growing sectors in the cross-border payments market, with Brazilian professionals and SMEs being our largest audience. We have good expectations until the end of the year, as we are growing organically at 20% per month,” comments the CEO of the fintech company, which also serves Argentina, Mexico, and the Philippines.
Beyond its financial importance in this ecosystem, Brazil also has a strong professional reputation. A Deel report shows that, in 2024, the hiring of Brazilians by foreign companies grew by 53%, making it the 5th country with the highest number of hires. The United States, Switzerland, and the United Kingdom lead among those that most seek talent from Brazil.
“Remote work is a great enabler, and Brazilian labor is highly valued abroad for its technical knowledge, language skills, soft skills, and other abilities. The growth of these cross-border payments, as well as global remote work, opens doors to this gigantic market, which is more disruptive in technology, professional opportunities, and the economy through transactions,” adds Teymour.
