FX White Paper – Missing the Opportunity
Our white paper asks the question: ‘Are FX and Payments businesses missing out because they can’t support the international trading ambitions of their clients?’
- Half of FX and Payments businesses rank cost as their biggest concern when it comes to cross border transfers
- 40% said their current provider cannot help them reach new international markets
- 1 in 5 said it took between two and three months to set up currency account, payment and FX facilities for their business
Access to fast, low-cost FX rates is no longer the preserve of big, multinationals, as online trading opens the door to smaller businesses. However, our research shows that too many businesses don’t have access to the services and support they need to grow into new markets. Although a significant number of respondents are dissatisfied with their current provider, they seem to live with the delays and high costs because they’re unaware of the alternatives.