FX & International PaymentsHow to overcome international payment challenges as an SME owner
SMEs make up 90% of businesses worldwide and the SME market in the UK contributes £2 trillion a year to the economy. SMEs also contribute significantly to international trade volumes – $35 trillion of trade is expected this year as the economy continues to recover.
Yet despite the pivotal role SMEs play, they’ve traditionally had to navigate complicated and costly international payment systems. Corporate B2B payment platforms aren’t always viable for small business owners who usually have to rely on their bank to facilitate transactions.