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.


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