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
Equipping SMEs with the skills to...
SMEs and entrepreneurs heavily depend on skills to stay competitive and face greater challenges than larger firms in accessing and retaining...
The future of entrepreneurship with AI
AI-native startups are redefining the nature of entrepreneurship through accelerated scaling. With leaner teams, evolving funding dynamics, ...
Micro and small businesses can act...
In an international context where conflicts have reached their highest level since the Second World War, what role can micro, small, and med...
