For small- and medium-sized (SMEs) businesses across the world, the last few years have been tough, to say the least. From Covid-19 to the war on Ukraine, China’s well-vaunted economic woes to the Houthis’ threat to global maritime traffic, cross-border trade challenges have stiffened, and the outlook won’t get any easier as we enter a decade of heightened currency volatility and a new world of tariffs and trade wars.
In the UK, Brexit and bank ring-fencing created their own particular set of problems, which combined made the ability to send and receive timely cross-border payments - the life-blood of SME's - so much harder than it should be.
Collaboration is key to solving this problem, with Access to payment facilities and associated Cost, Transparency and Speed are the critical drivers. Payall CEO and founder, Gary Palmer has joined forces with PXP Financial’s founder and CEO, Kamran Hedjri, to help identify, explore and solve these difficulties.
Using the Payall recent whitepaper “SME Cross-Border Payments: User Reality vs. Industry Fallacy” as the basis for debate, this 30-minute fireside chat is an invaluable resource to understand the progress being made, the solutions generated and where the roadblocks still lie. A by-country understanding of different regulatory, tax, trade and disclosure requirements is just the first step in oiling the wheels of global trade and, vitally, prompt, safe and secure settlement. PXP and Payall combined have this experience and the technology to help businesses overcome these barriers and payment delays. So sit back and enjoy.
