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https://www.zen.com/blog/business/cross-border-payments-challenges-and-opportunities-for-businesses/
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Cross-Border Payments: Challenges and Opportunities for Businesses
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Cross-Border Payments: Challenges and Opportunities for Businesses In today’s increasingly globalized economy, businesses of all sizes are looking across borders to purchase products, hire remote workers and teams, and serve global customers. But one of the biggest hurdles of the global economy is cross-border payments. Unlike domestic payments, cross-border transactions present numerous challenges including slow processing times, high fees, regulatory roadblocks, and a lack of transparency. Luckily, fintech companies are addressing these issues with new technologies and innovations that make cross-border payments faster, cheaper, and easier to manage on a global scale. In this blog article, we’ll explore the challenges and opportunities of cross-border payments for businesses, and what we expect international payments to look like in the future. How do businesses use cross-border transactions? Cross-border transactions play an important role in international trade. ...
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