When it comes to the powerhouse behind banking economics, global payments is the unchallenged King. It accounts for about 41 percent of total banking revenues, that’s a $2.6 trillion revenue pool. Every year, it processes 3.8 trillion transactions representing over two quadrillion dollars in value. Those numbers are worthy of the noble crown.
And yet this is all based on a system where transactions wind their way through a complex web of correspondent banks, clearing across multiple time zones, taking days to settle, and locking up vast sums of capital.
But we are stepping into an era of 24/7, real-time, borderless payments and market modernisation, where the map of global money, capital markets, and financial infrastructure is being redrawn.
From tokenised deposits that could reach $4 trillion by 2030 to advanced digital wallets, programmable assets and the rise of AI. But to get there we need to overcome some challenges.
Joining our host, Tom Parker, is Rob Hale, Co-Head of Global Markets at Lloyds Banking Group, Nick Kerigan, Managing Director and Head of Innovation at Swift and Yuval Rooz, Co-Founder & CEO at Digital Asset.
This episode was recorded on 23rd October 2026.
Sources: FT Resources, McKinsey, Swift, aeaweb, cgap, chain.link, canton.network
This content is paid for by Lloyds Corporate & Institutional and is produced in partnership with the Financial Times' Commercial Department. The views and claims expressed are those of the guests alone and have not been independently verified by The Financial Times.
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