The global economy is more interconnected than ever, with more companies doing business abroad than at any time in recorded history.
On one hand, this brings opportunity, with businesses reaching more customers in more markets. On the other hand, it also means they must learn to navigate a highly fragmented and complex international payments ecosystem.
Each country has its own rules and regulations dictating how businesses can make and receive payments, as well as its own, unique financial infrastructure. Moving funds across borders means moving them in and out of these myriad systems. Overcoming these regularity barriers can make international payments expensive, slow and highly uncertain, especially when using legacy payment rails like ACH.
How can international businesses streamline their cross-border operation systems to overcome these frictions?