Beyond Borders: XTransfer Insights-Opportunity in the Overlooked: The Underserved SME Cross-Border Market
According to the World Bank, SMEs account for approximately 90% the world's businesses and contribute 65% of the global cross-border trade. SMEs play a pivotal role in most economies, particularly in emerging markets. Estimates from the World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD) suggest that B2B cross-border trade payment market for SMEs is worth approximately $20 trillion. However,...
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