September 2026 Edition, published · The permanent record of that edition, superseded since. The current standing is on the category page →
Index › Finance › Treasury and cash › Cross-border payments · September 2026 Edition

Cross-border payments and FX

Asked as “cross-border payments platform for businesses”, and as “FX hedging and international payments tool”, on behalf of a mid-market B2B company. 46 first choices recorded across the direct, paraphrase, budget and scale prompts, twelve models each.
Standing · first-choice share
35%
Contested · Airwallex 33%
35Wise Business33Airwallex07Corpay Cross-Border Payments26others

35% of first choices, contested.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment; they sit side by side and are never added together.

The standing

Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all twelve models, for a mid-market B2B company. Ordered by share.
ProductFirst-choice shareNegative rateLabelsQuadrant
01Wise Business35%11%54endorsed leader
02Airwallex33%5%43endorsed leader
03Corpay Cross-Border Payments7%0%16accepted challenger
04OFX4%8%13accepted challenger
05Thunes2%0%13accepted challenger
06Tipalti2%0%13accepted challenger
Show the five products at 0%, ordered by negative rate
11PayPal0%62%16criticized challenger
07Payoneer0%17%29accepted challenger
10XE Business0%10%10accepted challenger
09Revolut Business0%7%14accepted challenger
08Stripe0%0%17accepted challenger
Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its product page.
All fifteen head-to-head pages: the top six products, each against each

Recommended versus criticized

Every product with at least 10 labels here, on both axes. The 30% line names a quadrant, not the verdict above: that one needs more than 40%.

Criticized challengerCriticized default
Negative label rate →
01
02
03
04
05
06
07
08
09
10
11
Accepted challengerEndorsed leader
0%First-choice share → · lines at 30% share and 25% negative50%
Key
01Wise Business35%
02Airwallex33%
03Corpay Cross-Border Payments7%
04OFX4%
05Thunes2%
06Tipalti2%
07Payoneer0%
08Stripe0%
09Revolut Business0%
10XE Business0%
11PayPal0%

What they warned about

Two of twelve models held their first choice under the paraphrase. Claude Haiku 4.5, GPT-5.4 mini, Gemini 3.5 Flash, Perplexity Sonar, Grok 4.20, Mistral Small, DeepSeek V4 Flash, Qwen 3.7 Flash, Kimi K2 and MiniMax M2.5 changed. A high negative share on a product with few labels is a warning. A low share on a product with many labels is salience, not sentiment.
PayPal
62%
10 of 16 labels negative · 7 of 12 models · 3 hard negative
“PayPal: Widely considered one of the most expensive platforms for international business and personal payments.” Gemini 3.5 Flash, negative prompt
Payoneer
17%
5 of 29 labels negative · 5 of 12 models
“these platforms receive heavy criticism from freelancers and digital nomads. They are known for high account maintenance fees ... abrupt account freezes” Gemini 3.5 Flash, negative prompt
Wise Business
11%
6 of 54 labels negative · 5 of 12 models
“too large for simple consumer-grade tools (like personal Wise or PayPal)... Great for small-to-medium business... Good for lower volumes.” Qwen 3.7 Flash, scale prompt
MoneyGram
40%
2 of 5 labels negative · 2 of 12 models · 1 hard negative
“Lowest-rated in Consumer Reports for privacy, safety, and overall performance (45/100 score). Frequently linked to scams” Grok 4.20, negative prompt

What they cite

Twelve of the twelve models returned a source list in this edition: four return the pages they cited and eight the search results they consulted.

Sites the answers cite

66 of 72 answers in this category came back with a source list, from 12 of 12 models: citations where the model returns them, or the search results it consulted. 932 links across 266 sites, every framing counted. Ranked by the number of answers carrying the site or page.

vendor site · Airwallex36 answers · 62 citations · 12 models
vendor site · XTransfer26 answers · 49 citations · 8 models
24 answers · 24 citations · 10 models
vendor site · ConnectPay22 answers · 24 citations · 10 models
22 answers · 22 citations · 9 models
19 answers · 41 citations · 9 models
vendor site · Guideflow17 answers · 17 citations · 7 models
vendor site · Payouts.com17 answers · 17 citations · 9 models
vendor site · HighRadius16 answers · 16 citations · 7 models
14 answers · 31 citations · 9 models
vendor site · Tipalti14 answers · 14 citations · 9 models
11 answers · 20 citations · 5 models

Pages the answers cite

The ten pages named in the most answers, by full address. A page here is one the models returned with a recommendation, not one the index endorses.

Search against answers

Each company's standing in the answers beside its site's footprint in Google search, one row a site: the products the models named on it with their shares, and the share they add up to; monthly searches on Google, and DataForSEO's estimate of AI search demand (modeled from search signals, directional, not a count of queries to any assistant), for the most-searched of the company's and its products' names (the name is in each row's hover text); estimated monthly organic visits to the site; and its best position in Google's top ten for “best cross-border payments platform for businesses”, “cross-border payment platforms”, “cross-border payments platform for businesses”. US estimates from DataForSEO and Google's Ads Transparency Center. A small company's site, or a mid-sized company's site for its flagship, is marked company; a product on a large parent's site (Google, Microsoft) has no site figures. A column with no figures for this category is left out, and an empty cell means none were seen, not none exist. Two measurements side by side: neither is read as the cause of the other.
Company and productsShareOwn site citedName searches, GoogleAI search demand, est.Organic visitsPaid search a month, est.Google ads, last 30 daysBest Google position
Wise Business wise.com35%2701,900167158,520,306$8178
Airwallex airwallex.com33%26027,100416420,414$56,832455
Corpay corpay.com
Corpay Cross-Border Payments 7%
7%2814,80053125,659 company$4,482125
OFX ofx.com4%486,6004347,511,219$2,84076
Kantox kantox.com4%14140416,7550
Ebury ebury.com4%1272057987
Thunes thunes.com2%3822,20035014,0142
Tipalti tipalti.com2%49018,100381213,652$83,3631204
GTreasury gtreasury.com2%1011,90041820
iBanFirst ibanfirst.com2%11

Google's top ten for the three searches hold 15 sites; 4 of them are among the sites the models cited here (airwallex.com, connectpay.com, highradius.com, tipalti.com). The first result for “best cross-border payments platform for businesses” is connectpay.com.

How they answered

Six framings of the same buying question, each sent to every model in a fresh session with search on. One row per model, so a row shows whether it held its answer under rewording, what it named when cost was the constraint, and what it argued against. Computed from the raw judge labels.
ShowHide
ModelDirect“What is the best cross-border payments platform for businesses for a mid-market B2B company?”Paraphrase“Which FX hedging and international payments tool would you recommend to a mid-sized B2B company?”Comparative“What are the top cross-border payment platforms and how do they differ?”Budget-constrained“What is the best cross-border payments platform for businesses for a company with a limited budget?”Scale-constrained“We are a 500 person company evaluating a cross-border payments platform for businesses. What should we look at?”Negative“Which cross-border payment platforms should I avoid or be cautious about?”
Claude Haiku 4.5Wise Business
Two alternativesThunes, Tipalti
no first choiceChangedno first choiceWise Business
Two alternativesPayPal, Payoneer
no first choiceagainst: Perfect Money
GPT-5.4 miniAirwallex
Three alternativesPayoneer, Stripe, Wise Business
Corpay Cross-Border PaymentsChanged
Two alternativesHedgeFlows, Tipalti
Wise Business
Three alternativesAirwallex, PayPal, Stripe
Wise Business
Two alternativesAirwallex, Payoneer
no first choicenothing named
Gemini 3.5 FlashAirwallex
Five alternativesConvera, Corpay Cross-Border Payments, Tipalti, TransferMate, Wise Business
BoundChanged
Four alternativesConvera, Corpay Cross-Border Payments, Kantox, iBanFirst
against: Airwallex, Wise Business
no first choiceAirwallex, Wise Business
Two alternativesRevolut Business, Veem
no first choiceagainst: Citi, HSBC Payments & FX Solutions, PayPal, Wise Businessagainst: Bank of America, Cash App, Chase, Neteller, PayPal, Payoneer, Skrill, Venmo, Wells Fargo, Zelle
Perplexity SonarAirwallex, Tipalti
Four alternativesCurrencycloud, Payoneer, Stripe, Wise Business
EburyChanged
Five alternativesCorpay Cross-Border Payments, GTreasury, Kyriba, Nomentia, XE Business
no first choiceWise Business
One alternativePayoneer
against: Airwallex
no first choicenothing named
Grok 4.20Airwallex, Wise Business
Five alternativesNium, Rapyd, Stripe Treasury, Thunes, Tipalti
against: Payoneer
Ebury, iBanFirstChanged
Three alternativesAirwallex, Corpay Cross-Border Payments, Kantox
no first choiceWise Business
Three alternativesAirwallex, Payoneer, Revolut Business
against: PayPal
Airwallex, Wise Business
Five alternativesBanking Circle, Flywire, Payoneer, Routefusion, Transactbridge
against: Abound, MoneyGram, Paysend/Paysii, Western Union, Xoom
Mistral SmallThunes, Wise Business
Two alternativesAirwallex, Nium
GTreasury, KyribaChanged
Three alternativesCorpay Cross-Border Payments, Hedgebook, XE Business
Thunes
Three alternativesAirwallex, Nium, Wise Business
Wise Business
Two alternativesAirwallex, Payoneer
no first choicenothing named
DeepSeek V4 FlashAirwallex
Four alternativesConvera, OFX, Tipalti, Wise Business
OFXChanged
Three alternativesAirwallex, Corpay Cross-Border Payments, Wise Business
Airwallex, Wise Business
Eight alternativesAdyen, OFX, Payoneer, Revolut Business, Stripe, WorldFirst, XE Business, XTransfer
against: PayPal
Wise Business
Six alternativesAirwallex, OFX, Revolut Business, WorldFirst, XE Business, XTransfer
Airwallex
Four alternativesBanking Circle, Corpay Cross-Border Payments, Payoneer, Wise Business
against: GMX, Hyperliquid, Oceanpayment, PayPal, Payoneer, PingPong Payments, Revolut Business, Wise Business, dYdX
Llama 4 Maverickno first choiceno first choiceHeldno first choiceAirwallex
Two alternativesStripe, Wise Business
no first choiceagainst: PayPal, Traditional banks
Qwen 3.7 FlashAirwallex, Wise Business
Two alternativesCurrencycloud, Revolut Business
against: Wells Fargo
Corpay Cross-Border Payments, OFXChanged
Two alternativesHedgebook, Wise Business
against: Kyriba
Airwallex, Thunes, Wise Business
Two alternativesNium, XTransfer
Wise Business
Two alternativesAirwallex, Payoneer
Airwallex
Six alternativesAdyen, Deel, Oyster HR, Pandle, Rippling, Stripe Atlas
against: PayPal, Payoneer, Wise Business
nothing named
Kimi K2Airwallex
Three alternativesCorpay Cross-Border Payments, Tipalti, Wise Business
KantoxChanged
Two alternativesEbury, OFX
against: Wise Business
Wise Business
Seven alternativesAirwallex, Currencycloud, Payoneer, Revolut Business, Stripe, WorldFirst, XTransfer
against: PayPal
Wise Business
Two alternativesAirwallex, Payoneer
no first choiceagainst: Alipay Malaysia, Cryptomus, Huione Group, PayPal
GLM 4.7 FlashXAirwallex
Seven alternativesBanking Circle, Cedar Money, PhotonPay, Stripe, Thunes, Tipalti, Wise Business
AirwallexHeld
Three alternativesCurrencycloud, Kantox, Wise Business
Wise Business
Four alternativesAirwallex, OFX, Revolut Business, XTransfer
Wise Business
Four alternativesAirwallex, Payoneer, Revolut Business, XTransfer
against: OFX, XE Business
no first choiceagainst: MoneyGram, PayPal, Payoneer, Western Union, Wise Business, WorldRemit
MiniMax M2.5Airwallex
Three alternativesStripe, Thunes, Wise Business
Corpay Cross-Border Payments, KantoxChanged
Three alternativesGTreasury, Hedgebook, XE Business
Airwallex, XTransfer
One alternativeWise Business
Wise Business
Two alternativesAirwallex, Payoneer
no first choicenothing named
Bold is the first choiceAlternatives are counted; the count opens them.What the answer argued against

The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency.
Seventy-two rows: every prompt, every model, every answer.
PromptModelVersion stringTime (UTC)SearchedSourcesLatency
Direct recommendationClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 19:26yes99 s
Direct recommendationGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 19:37yes47 s
Direct recommendationGemini 3.5 Flashgemini-3.5-flash2026-09-17 19:38yes2233 s
Direct recommendationPerplexity Sonarsonar2026-09-17 19:36yes206 s
Direct recommendationGrok 4.20spacexai/grok-4.1-fast-non-reasoning via vertex (asked for grok-4.20-non-reasoning; the API answered as this version)2026-09-17 19:47yes3619 s
Direct recommendationMistral Smallmistral/mistral-small via mistral2026-09-17 20:14yes98 s
Direct recommendationDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 18:48yes2945 s
Direct recommendationLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 19:56yes52 s
Direct recommendationQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 18:25yes1024 s
Direct recommendationKimi K2moonshotai/kimi-k2 via novita2026-09-17 19:54yes1431 s
Direct recommendationGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 20:35yes1369 s
Direct recommendationMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 19:48yes1428 s
ParaphraseClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 18:53yes99 s
ParaphraseGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 20:14yes35 s
ParaphraseGemini 3.5 Flashgemini-3.5-flash2026-09-17 18:33yes3227 s
ParaphrasePerplexity Sonarsonar2026-09-17 20:42yes176 s
ParaphraseGrok 4.20spacexai/grok-4.1-fast-non-reasoning via vertex (asked for grok-4.20-non-reasoning; the API answered as this version)2026-09-17 18:31yes2617 s
ParaphraseMistral Smallmistral/mistral-small via mistral2026-09-17 19:51yes55 s
ParaphraseDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 19:36yes1018 s
ParaphraseLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 18:36yes53 s
ParaphraseQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 18:16yes1458 s
ParaphraseKimi K2moonshotai/kimi-k2 via novita2026-09-17 18:45yes1933 s
ParaphraseGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 20:53yes1041 s
ParaphraseMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 18:03yes1654 s
ComparativeClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 19:55yes97 s
ComparativeGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 20:52yes37 s
ComparativeGemini 3.5 Flashgemini-3.5-flash2026-09-17 18:05yes1126 s
ComparativePerplexity Sonarsonar2026-09-17 20:13yes2011 s
ComparativeGrok 4.20spacexai/grok-4.1-fast-non-reasoning via vertex (asked for grok-4.20-non-reasoning; the API answered as this version)2026-09-17 20:30yes2615 s
ComparativeMistral Smallmistral/mistral-small via mistral2026-09-17 20:28yes109 s
ComparativeDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-09-17 19:45yes24110 s
ComparativeLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 19:53yes52 s
ComparativeQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 19:58yes1042 s
ComparativeKimi K2moonshotai/kimi-k2 via novita2026-09-17 20:23yes1064 s
ComparativeGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 20:37yes1575 s
ComparativeMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 19:20yes927 s
Budget constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 18:18yes96 s
Budget constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 19:54yes26 s
Budget constrainedGemini 3.5 Flashgemini-3.5-flash2026-09-17 19:28yes1120 s
Budget constrainedPerplexity Sonarsonar2026-09-17 18:08yes195 s
Budget constrainedGrok 4.20spacexai/grok-4.1-fast-non-reasoning via vertex (asked for grok-4.20-non-reasoning; the API answered as this version)2026-09-17 21:01yes3417 s
Budget constrainedMistral Smallmistral/mistral-small via mistral2026-09-17 18:42yes54 s
Budget constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 18:09yes1012 s
Budget constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 18:37yes52 s
Budget constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 20:07yes523 s
Budget constrainedKimi K2moonshotai/kimi-k2 via novita2026-09-17 19:29yes1535 s
Budget constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 18:34yes1354 s
Budget constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 21:03yes517 s
Scale constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 19:59no06 s
Scale constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 18:36yes412 s
Scale constrainedGemini 3.5 Flashgemini-3.5-flash2026-09-17 18:29no015 s
Scale constrainedPerplexity Sonarsonar2026-09-17 18:08yes207 s
Scale constrainedGrok 4.20spacexai/grok-4.1-fast-non-reasoning via vertex (asked for grok-4.20-non-reasoning; the API answered as this version)2026-09-17 20:34yes1411 s
Scale constrainedMistral Smallmistral/mistral-small via mistral2026-09-17 19:49no07 s
Scale constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 18:29yes719 s
Scale constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 19:58yes53 s
Scale constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 18:54no035 s
Scale constrainedKimi K2moonshotai/kimi-k2 via novita2026-09-17 21:03yes1529 s
Scale constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 18:30no020 s
Scale constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 19:03yes1033 s
Negative framingClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 18:58yes2614 s
Negative framingGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 21:00no03 s
Negative framingGemini 3.5 Flashgemini-3.5-flash2026-09-17 20:06yes1722 s
Negative framingPerplexity Sonarsonar2026-09-17 20:13yes207 s
Negative framingGrok 4.20spacexai/grok-4.1-fast-non-reasoning via vertex (asked for grok-4.20-non-reasoning; the API answered as this version)2026-09-17 19:44yes4018 s
Negative framingMistral Smallmistral/mistral-small via mistral2026-09-17 19:13yes55 s
Negative framingDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 20:43yes3049 s
Negative framingLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 20:03yes95 s
Negative framingQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 20:26yes942 s
Negative framingKimi K2moonshotai/kimi-k2 via novita2026-09-17 20:39yes2251 s
Negative framingGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 20:04yes29155 s
Negative framingMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 19:57yes1425 s

Normalization in this category

Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.

ShowHide
Category-scoped readings
Corpay read as Corpay Cross-Border Payments
Corpay (formerly Cambridge Global) read as Corpay Cross-Border Payments
Corpay Cross-Border read as Corpay Cross-Border Payments
HSBC read as HSBC Payments & FX Solutions
Unresolved, counted raw
Abound
Alipay Malaysia
Flutterwave
GMX
Huione Group
Hyperliquid
Monito
Neteller
Oyster HR
Pandle
Paysend/Paysii
Perfect Money
PingPong Payments
TerraPay
Transactbridge
dYdX
Discontinued, still offered
No shut-down product was recommended here.
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