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Why do banks fail to meet SMEs’ cross-border payments demands

By Puja Sharma

July 27, 2023

  • B2B Cross Border Payments
  • B2B payment
  • Corporate Banks
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A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. The report entitled ‘Growing pains: the escalating cross-border payment challenges for SMEs’, highlights that traditional banking partners are failing to meet SMEs’ cross-border payments needs. […]

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