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The cross border B2B payments landscape is ever-changing, there are as many challenges as there are opportunities. High transaction costs, FX fees, and slow payment processing create issues for businesses on a daily basis, particularly for those who are making low value cross border transfers.
The way in which PSPs, acquirers, and merchants conduct international B2B payments varies, and there are numerous barriers that need to be overcome for businesses trading globally.
The payments industry is facing an enormously exciting period; however, despite the phenomenal pace of innovation, businesses are putting up with high costs and slow service when it comes to cross border B2B transfers simply because they don’t have the time and resources to challenge the status quo.
The post Cross border B2B payments landscape – Infograph appeared first on Payments Cards & Mobile.
