At the closed-door session on "Future Trends and Development of Cross-Border Payments" during the 2025 Tsinghua PBCSF Global Finance Forum, representatives from international organizations, central banks, and payment enterprises convened to discuss industry prospects of cross-border payment. Experts highlighted that the mBridge project has exceeded RMB 100 billion (approx. $13.8 billion) in cumulative transaction value, establishing itself as a pivotal practice in cross-border CBDC applications. While stablecoins and digital technologies are driving payment innovation, challenges in interoperability, regulatory compliance, and user experience demand resolution. All parties called for establishing globally unified standards and collaborative frameworks to mitigate financial fragmentation risks, advance efficient and secure cross-border payment development, and infuse new vitality into global economic integration.
