8/10 consumer payments are sent to low- to middle-income countries. Businesses are also diversifying their labour and supply chains into these regions. As a result, cross-border payments to emerging markets are more important than ever. This change is accelerating, and legacy banking infrastructure has been unable to adapt at pace, leaving it unequipped to service emerging markets. In response, these regions have embraced financial innovation, such as alternative payment channels, to close the gap. This has left many banks in established markets unprepared and underbanked. If emerging markets are not in your bank’s strategy, you may find yourself excluded from the fastest-growing financial opportunities in the world.