For years, cross-border payments have been treated by businesses as a necessary evil. A complex, costly process full of intermediaries that consumes time, resources, and attention—without delivering real benefits. However, the landscape is changing rapidly. The maturity of financial infrastructure technologies and the rise of the FX-as-a-Service model enable what was unthinkable just a decade ago: unlocking new opportunities with FX-as-a-Service to improve efficiency and profitability.
In this new context, Inswitch, a TransNetwork company is a leading provider of embedded financial technology, well-positioned to enable FX-as-a-Service at scale.. Through an API-driven FX liquidity engine with real-time conversion and settlement capabilities. , with automated compliance and full coverage between the United States and Latin America, they have built a solution that not only moves money... it puts it to work for your business.
Friction as a structural problem
The growth of digital commerce, global platforms, and multi-country business models has made a fundamental issue clear: traditional solutions for international payments are broken. According to World Bank data, the average cost of sending remittances to Latin America still hovers around 6% of the total amount, and in some corridors exceeds 9%. Added to this are delays, lack of transparency, and dependence on traditional players.
For a tech company or marketplace operating in the U.S. and paying suppliers, gig workers, or sellers in Colombia, Peru, or Mexico, this means days of waiting, hidden costs, and a poor experience for the end user.
A new perspective: FX-as-a-Service (FXaaS)
In this landscape, a radically different approach emerges: treating FX as an embedded, intelligent, and programmable service. What does this mean?
It means that companies no longer need to delegate their currency flows to banking intermediaries. They can now integrate them directly into their tech stack, gaining full control over the process—from conversion timing to pricing, margin, and settlement.
This is where Inswitch makes a real difference. Its FX liquidity engine currently processes over 30 billion dollars in annual flows for more than 70 MTOs (money transfer operators), offering same-day settlements in multiple Latin American markets. And most importantly: all from a single API.
Use case: from operational burden to strategic asset
Imagine an e-commerce platform based in the United States with sellers in Mexico, Peru, and Colombia. Previously, it needed to rely on third parties for currency conversion, absorb variable costs, and deal with payment cycles that could take days. Today, thanks to Inswitch:
What used to be merely an operational function is now a tangible source of value. In an economy of tight margins and pressure to scale quickly, this difference is key.
Why Inswitch and TransNetwork are better positioned than anyone else
What enables this capability is not just advanced technology but deeply integrated regulatory and banking infrastructure. Inswitch operates on TransNetwork’s network of licenses and banking connections—a company with presence in all 50 U.S. states, multiple Latin American countries, and relationships with Tier-1 financial institutions across both continents.
This allows it to offer a combination few can match:
The union of these capabilities transforms Inswitch into more than just a payment provider—it becomes a real-time, cross-border financial infrastructure ready to be leveraged as a strategic advantage.
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What comes next?
The FX-as-a-Service model is growing rapidly. According to a report by Allied Market Research, the global FX solutions market is expected to reach USD 15.8 billion by 2031, driven by financial digitization and the demand for integrated solutions.
For many companies, the time to act is now. Outsourcing FX flows is no longer just a financial disadvantage—it’s a direct loss of competitiveness.
A clear conclusion: it’s time to take control
In the new era of embedded finance, companies that understand the strategic value of liquidity and manage it as an asset not only reduce costs. They gain power, speed, profitability, and control.
Inswitch puts that capability within your business's reach with a solution that combines coverage, compliance, and cutting-edge technology in a single connection.
Ready to turn your FX flows into revenue?
Connect with Inswitch and take your financial operations to the next level.
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