Innovating Cross-Border Payments

NEW REPORT: US, UK Firms Prioritize Innovation To Speed X-Border Payment Flows Businesses in the U.S. and the U.K. now do more commerce abroad, but it comes at a cost: They wait 55 percent longer to get paid by those buyers than by those in their domestic markets. In the Innovating Cross-Border Payments Report, PYMNTS surveyed 456 U.S. and U.K. payments decision-makers to learn the three ways these businesses are streamlining cross-border payment flows.
Inside the March Study:
  • 26 percent: Average share of U.S. and U.K. businesses’ total annual sales that are generated internationally
  • 33: Average number of days it takes U.S. businesses to receive cross-border payments
  • 32 percent: Portion of U.S. and U.K. businesses that plan to automate their cross-border receivables in the next three years

Innovating Cross-Border Payments Report

Innovating Cross-Border Payments: Innovation Drivers