More than two-thirds of European small and medium enterprises (SMEs) are planning to adopt real-time payment processing in the next 12 months, new research from Vodeno has revealed.
A new independent survey of more than 2,000 senior decision-makers from European SMEs reveals the challenges faced by the current payment ecosystem. It found: On average, 35% claimed that payments take between two and three days to reach their business 54% have been forced to take out a loan as
In the current global economy, cross-border transactions are surging – and quick. As eCommerce and international trade have gone from strength to strength, the value of cross-border payments is predicted to rise from almost $150 trillion in 2017 to over $250 trillion by 2027, according to modelling from the Bank of England.
The topic of payment innovation is one of the biggest trends dominating the financial news.
No matter their size, scope or sector, all businesses that handle transactions and transfers deal with payments – and this means dealing with payment rails. While this topic might seem complex, a smooth payment process directly impacts convenience and the all-important consumer experience (CX).
Today, we live in a world where it is crucial for businesses, customers and financial institutions alike to make frictionless international transactions. However, significant challenges persist in the cross-border payments ecosystem, despite their importance in driving financial inclusion and business expansion.
One of the most integral parts of the banking ecosystem is payments. Yet, as straightforward as the act of making a transaction might sound, the process in which money is transferred from point A to point B can be complex.
More than two-thirds of European small and medium enterprises (SMEs) are planning to adopt real-time payment processing in the next 12 months, new research from Vodeno has revealed.
A new independent survey of more than 2,000 senior decision-makers from European SMEs reveals the challenges faced by the current payment ecosystem. It found: On average, 35% claimed that payments take between two and three days to reach their business 54% have been forced to take out a loan as
In the current global economy, cross-border transactions are surging – and quick. As eCommerce and international trade have gone from strength to strength, the value of cross-border payments is predicted to rise from almost $150 trillion in 2017 to over $250 trillion by 2027, according to modelling from the Bank of England.
The topic of payment innovation is one of the biggest trends dominating the financial news.
No matter their size, scope or sector, all businesses that handle transactions and transfers deal with payments – and this means dealing with payment rails. While this topic might seem complex, a smooth payment process directly impacts convenience and the all-important consumer experience (CX).
Today, we live in a world where it is crucial for businesses, customers and financial institutions alike to make frictionless international transactions. However, significant challenges persist in the cross-border payments ecosystem, despite their importance in driving financial inclusion and business expansion.
One of the most integral parts of the banking ecosystem is payments. Yet, as straightforward as the act of making a transaction might sound, the process in which money is transferred from point A to point B can be complex.
