Finance AI Index
Index › Treasury and cash › 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
Wise Business
Contested
35% of first choices, contested.
ShowinginAll 41 categories →

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.
Small businessWise Business73%Clear leaderStanding →Mid-marketWise Business35%ContestedThis pageEnterpriseThunes22%ContestedStanding →

01The 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-Border7%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 vendor page.
Head to head
Wise Business vs AirwallexWise Business vs Corpay Cross-BorderAirwallex vs Corpay Cross-Border

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-Border7%
04OFX4%
05Thunes2%
06Tipalti2%
07Payoneer0%
08Stripe0%
09Revolut Business0%
10XE Business0%
11PayPal0%

02What 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 4.1 Fast, 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 4.1 Fast, negative prompt

03What they cite

Citations exist only for the models that return a source list: twelve of the twelve in this edition, and all six flagship models on the expanded tier.

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. 5 of those lists are Google grounding redirects that name no site and are left out of the counts. 839 links across 238 sites, every framing counted. Ranked by the number of answers carrying the site or page.

airwallex.com
vendor site · Airwallex32 answers · 55 citations · 11 models
xtransfer.com
vendor site · XTransfer26 answers · 49 citations · 8 models
luhhu.com
22 answers · 22 citations · 9 models
theindustryleaders.org
22 answers · 22 citations · 9 models
connectpay.com
vendor site · ConnectPay19 answers · 20 citations · 9 models
guideflow.com
vendor site · Guideflow17 answers · 17 citations · 7 models
payouts.com
vendor site · Payouts.com17 answers · 17 citations · 9 models
wise.com
16 answers · 38 citations · 8 models
f6s.com
14 answers · 31 citations · 9 models
highradius.com
vendor site · HighRadius12 answers · 12 citations · 6 models
tipalti.com
vendor site · Tipalti12 answers · 12 citations · 8 models
sendmoneycompare.com
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.

luhhu.com/blog/top-cross-border-payment-platforms-or-global-money-transfers
22 answers · 9 models
theindustryleaders.org/post/10-best-b2b-cross-border-payment-solutions-rank…
22 answers · 9 models
connectpay.com/blog/cross-border-payments-companies
17 answers · 9 models
guideflow.com/blog/cross-border-payments-software
17 answers · 7 models
payouts.com/best-cross-border-payment-providers
17 answers · 9 models
airwallex.com/en-us/blog/cross-border-payment-services-solutions
16 answers · 10 models
xtransfer.com/blog/cross-border-payment-provider-comparison
12 answers · 6 models
highradius.com/resources/Blog/best-cross-border-payment-platforms
11 answers · 6 models
tipalti.com/blog/cross-border-payment-platforms
10 answers · 7 models
valiantceo.com/9-best-b2b-cross-border-payment-solutions
10 answers · 8 models

04How 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.
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-BorderChanged
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, Tipalti, TransferMate, Wise Business
BoundChanged
Four alternativesConvera, Corpay Cross-Border, Kantox, iBanFirst
against: Airwallex, Wise Businessno first choiceAirwallex, Wise Business
Two alternativesRevolut Business, Veem
no first choiceagainst: Citi, HSBC, 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, GTreasury, Kyriba, Nomentia, XE Business
no first choiceWise Business
One alternativePayoneer
against: Airwallexno first choicenothing named
Grok 4.1 FastAirwallex, Wise Business
Five alternativesNium, Rapyd, Stripe Treasury, Thunes, Tipalti
against: PayoneerEbury, iBanFirstChanged
Three alternativesAirwallex, Corpay Cross-Border, Kantox
no first choiceWise Business
Three alternativesAirwallex, Payoneer, Revolut Business
against: PayPalAirwallex, 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, 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, Wise Business
Airwallex, Wise Business
Eight alternativesAdyen, OFX, Payoneer, Revolut Business, Stripe, WorldFirst, XE Business, XTransfer
against: PayPalWise Business
Six alternativesAirwallex, OFX, Revolut Business, WorldFirst, XE Business, XTransfer
Airwallex
Four alternativesBanking Circle, Corpay Cross-Border, 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/HSBC/JPMCorpay Cross-Border, OFXChanged
Two alternativesHedgebook, Wise Business
against: KyribaAirwallex, 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 Businessnothing named
Kimi K2Airwallex
Three alternativesCorpay Cross-Border, Tipalti, Wise Business
KantoxChanged
Two alternativesEbury, OFX
against: Wise BusinessWise Business
Seven alternativesAirwallex, Currencycloud, Payoneer, Revolut Business, Stripe, WorldFirst, XTransfer
against: PayPalWise 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 Businessno first choiceagainst: MoneyGram, PayPal, Payoneer, Western Union, Wise Business, WorldRemit
MiniMax M2.5Airwallex
Three alternativesStripe, Thunes, Wise Business
Corpay Cross-Border, 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

05The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency. Full answer text is in the free responses file. Download the record
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 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 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 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 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 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 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 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 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 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 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 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 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.

Category-scoped readings
Corpay read as Corpay Cross-Border
Corpay (formerly Cambridge Global) read as Corpay Cross-Border
Unresolved, counted raw
Abound
Alipay Malaysia
Cryptomus (Xeltox Enterprises Ltd.)
Flutterwave
GMX
HedgeFlows
Huione Group
Hyperliquid
Monito
Neteller
OceanPayment
Oyster HR
Pandle
Paysend/Paysii
Perfect Money
PingPong Payments
TerraPay
Transactbridge
Wells Fargo/HSBC/JPM
WorldRemit
dYdX
Discontinued, still offered
No shut-down product was recommended here.

Also in treasury and cash

The other categories of this function, with the leader in each.
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