Plenty is unfolding in the global payments arena. There is a stream of new products or partnerships being publicised by financial institutions to improve the user experience across both domestic and international payments.
One common theme rings true, the existing system is failing to meet the demands and realities of cross-border payments, especially for SMEs. In a market that continues to grow and now worth over $22 trillion [1], the challenge is to make international payments more accessible to businesses and set a new standard of trading without borders.