Key facts
- Thunes and Juniper Research released an inaugural Interoperability Index.
- The index indicates a global deadlock in cross-border payments.
- Local payment networks are advancing, but global interoperability is lacking.
- Over one billion people experience multi-day delays for international fund transfers.
This report highlights a persistent challenge in the global financial system: while individual countries or regions may have advanced their domestic payment infrastructures, the ability to seamlessly and instantly transfer funds across borders remains significantly underdeveloped. This deadlock impacts individuals and businesses relying on international transactions, creating inefficiencies and delays.