Payments We continue to believe that one of the most powerful accelerants for this global aggregation of supply is cross-border B2B payments technology. Thousands of major and Payroll marketplaces and enterprises are currently seeking a global supply of goods or labor, will transcend which currently drives trillions of dollars in these types of payments per year. Our opinion is that this phenomenon will enable massive global scale economic empowerment of borders. consumers and businesses, and further will accelerate the trend and need for reliable cross-border payments. larger cross border payments take place via wire transfers vs smaller depend on e-wallets55 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 50k $200 $400 $600 $1.25k $3.5k $9k $11.5k $16k $25k $50k Check eCheck Paypal WireTransfer In the future, we imagine a global marketplace where companies and consumers can seamlessly move and transact across the globe. Thus, we believe that the demand for borderless wallets will increase as bank accounts transcend geography. Companies will need to make payments and drive payroll across regions as business transcends borders. The pandemic-driven move to work-from-home has extended this need from large corporate enterprises all the way down to startups and gig workers. DIGITAL PAYMENT ACCELERATION SHARE VISIT PG 37