If your business works with international clients, then you’re probably aware of cross-border payments. Not only do they allow you to expand beyond domestic markets, they can help you reach new customers, and benefit from opportunities overseas.
In recent years, cross-border payments have been growing rapidly. According to the Bank of England, the global market has seen a two-thirds increase from 2017, and is expected to be reach a whopping $250 trillion in 2027.
Of course, as a business owner, you’ll know that managing international payments isn’t without its challenges. In fact, Statista recently reported that 28% of consumers say cross-border efficiency should be a top priority for banks.
As such, more businesses are turning to cross-border payment companies like Payoneer to stay competitive in the global marketplace. They want a simplified approach to sending and receiving payments overseas.
How to Choose the Best Cross-Border Payment Provider
