Exclusive research commissioned by cross border payments innovator, Saxo Payments, reveals that half of FX and Payments businesses rank cost as their biggest concern, when it comes to cross border transfers; 40% said their current provider cannot help them reach new international markets. With 1 in 5 saying it took between two and three months to set up currency account, payment and FX facilities for their business it seems that traditional cross border payments processes could be holding back the full potential of the digital revolution.
The new Saxo Payments white paper asks the question: ‘Are FX and Payments businesses missing out because they can’t support the international trading ambitions of their clients?’.
The firm surveyed businesses about the barriers to success, including cash flow, the speed and cost of transfers, the lack of competitive rates for FX, as well as delays in cross border payments.
Access to fast, low cost FX rates is no longer the preserve of big, multi-nationals, as online trading opens the door to smaller businesses. However, the Saxo Payments research shows that too many businesses don’t have access to the services and support they need to grow into new markets. Although a significant number of respondents are dissatisfied with their current provider, they seem to live with the delays and high costs because they’re unaware of the alternatives.
Download a copy of the Saxo Payments white paper here to find out more about the company’s exclusive research looking at the challenges facing FX and Payments businesses.
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
