June 10, 2021

Financial IT

Businesses Face Tipping Point As Covid-19 and Brexit Fuel Concerns Over Barriers to International Commerce

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, revealed today that almost half of business across Great Britain (47%) that intend to stop processing outbound international payments are doing so due to the difficulty in tracking them, while 40% plan to stop as they find it difficult to pay international suppliers on time. These issues are acutely felt by small businesses, who are more hesitant than their enterprise counterparts to start making international payments (38% vs 10%).

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