Innovating Cross-Border Payments: Innovation Drivers
Both U.S. and U.K. businesses want to maximize their cross-border payment efficiencies, but they have different ideas about how best to do so. In the Innovating Cross-Border Payments: Innovation Drivers Brief, PYMNTS surveyed 456 decision-makers in international businesses to learn why U.K. businesses are prioritizing cost-reducing innovations while their U.S. counterparts aim to enhance their cash management capabilities.
Inside the May brief:
- 39 percent: Share of U.K. businesses that expect cross-border innovation to accelerate their cross-border AP operations
- 38 percent: Portion of smaller businesses that believe cross-border innovation can enhance receiver satisfaction
- 51 percent: Share of U.S. businesses that hope cross-border innovation can reduce fraud risks
