The Promise And Possibility Of SMB Cross-Border Payments For Banking

Over the past decade, the world of business-to-business cross-border payments has seen an acceleration of innovation, development and market moves. Companies that traditionally catered to the consumer space have increasingly moved into the industry, while those who are long-established have increasingly digitized and improved their offerings in response to changing customer expectations.

While the banking industry has at times been slower to respond than fintechs, it too has upped its B2B offerings. However, one area that remains under-addressed is small and medium-sized businesses.