SMEs in Europe ready to invest in real-time payment capabilities
October 6th, 2022 – Over two-thirds (68%) of European small and medium-sized enterprises (SMEs) are planning to invest in real-time payment capabilities over the next year, according to research.
Some 60% of the 2,000 SMEs surveyed said it takes a day or more for them to receive payments, with only 21% receiving payments within an hour.
The research of businesses across the UK, Belgium, France and the Netherlands, carried out by banking-as-a-service (BaaS) supplier Vodeno, revealed that international growth is being made more difficult for 23% of them due to the time it takes them to receive payments.
As a result, 57% are planning to change their payments provider in the next year.
Written by ComputerWeekly.com
Related Post
EU Single Market Report Flags Persistent...
The European Commission has published its sixth Annual Single Market and Competitiveness Report, drawing on 29 key performance indicators to...
South African SMEs: Navigating the Path...
The State of South African Small Business 2025 report highlights that SMEs are increasingly the backbone of the national economy, with 83% r...
Energy Prices and Their Impact on...
The structural disparity in electricity costs when compared to the European average is a growing concern for micro and small businesses thro...
