4 min read
How do international payments work today & what are the hurdles?
September 5, 2023
The international B2B payment process today is complex and clunky — yet, full of potential. In a traditional setting, for an SME to carry out a cross-border payment, access to a global banking network is a necessity. Primarily, the two main banking partners an SME would need to facilitate cross-border payments are a domestic bank and a correspondent bank that facilitates communication and business with an...
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