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Over the summer, Paysend conducted a survey of over 250 SMEs across the UK to understand how satisfied they were with their business financial services.

At a time of significant macroeconomic uncertainty across different markets, SMEs looking to grow and expand internationally face significant challenges. Effective business financial services are the key enabler for SMEs to be successful in a highly globalised world, however, to be confident in their strategic ambitions and strive for growth, SMEs need clarity, consistency, affordability, and tailored guidance.

The traditional cross-border payments market has been defined by long settlement periods, high transaction costs, and limited accessibility to international endpoints. As successful businesses expand internationally and start operating across multiple jurisdictions, they have historically faced significant payments paint points – including cross-currency risk exposures, significant hidden costs, and delays in receiving funds. 

IBAN (міжнародний номер банківського рахунку) – це код, який допомагає банкам ідентифікувати ваш рахунок, якщо ви хочете надсилати або отримувати міжнародні платежі. Іншими словами, номер IBAN, прив’язаний до вашого рахунку, є паспортом, який допомагає швидко й безпечно переміщувати гроші одержувачам, які живуть і працюють за кордоном. 

Paysend allows customers to receive money quickly, securely and more conveniently than ever from peers and colleagues, friends and family in 50+ countries, including the UK, North America and across Europe. 

The request money feature enables users to submit transfer requests directly online or via the Paysend app. 

With no need to forward your card details, your sender will automatically be able to transfer funds to you by clicking on the link sent and confirming the amount to be moved directly to your card.