Weathering the storm: finding SME banking & payment solutions in uncertain times

New data from FIS/Worldpay shows that cross-border e-commerce is set to hit $8.5 trillion by 2026, up from $6 trillion today. 

This means growth of almost 10% each year over the next three years, with double that figure in emerging regions like Latin America, the Middle East and Africa. And it equates to great opportunities on offer for corporates to grow.

Yet despite this data, cross-border payments still present a thorn in the side for SMEs. Recent turmoil in the banking sector and rising interest rates has reduced the pool of providers that can adequately service global payment needs and made remaining providers more risk-averse and reluctant to engage in areas they see as higher risk.

This leaves many SMEs with the question of what are my options? Or better still, how do I circumnavigate the current turmoil to meet my needs to enter new markets and grow?

In our latest webinar, we were joined by

• Ronnie d’Arienzo, Chief Commercial Officer, Freemarket
• Jeremy Brown, Chief Operating Officer, Atlantic Partners Asia

for an informative discussion moderated by Alex Rolfe, Managing Director of Payments Cards & Mobile on how SMEs can look to navigate and thrive in the current climate for cross-border payments. 

Key Takeaways:

• Overcoming the challenge of a reduced pool of payment service providers
• How Fintechs can innovate to streamline and reduce the cost of cross-border payments
• How PSPs can look to survive and thrive in an environment of high interest rates, growing e-commerce and a changing payments landscape