Cross-Border Payments Set To Soar As the World Begins To Emerge From Lockdown
The volume of cross-border payments is expected to grow rapidly as global economies emerge from the pandemic. Visa and Bottomline say transactions must be efficient and stress-free, with delays and complications to payments leading to clients looking elsewhere.We live in an increasingly connected world. Businesses need to communicate with customers – and each other – quickly and easily, no matter where they are based.
Forging such close working relationships with international contacts is crucial and living in different time zones is no longer a viable excuse for mediocre standards of service. Therefore, cross-border transactions must be efficient and stress-free, with delays and complications to payments leading to clients looking elsewhere.