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      SMEs Shifting to Fintechs for Cross-Border Payments, Mastercard Report Reveals

      A recent report by Mastercard indicates that a significant number of small and medium-sized enterprises (SMEs) engaged in international trade are planning to change their cross-border payment providers within the next two years. This shift reflects a growing trend among SMEs to seek alternatives to traditional banking services.

      The report highlights that many SMEs are increasingly turning to fintech companies for their cross-border payment needs. This transition is driven by the desire for more efficient, cost-effective, and user-friendly payment solutions that fintechs typically offer compared to conventional banks. As global trade continues to expand, the demand for innovative payment solutions is expected to rise, prompting further changes in how SMEs manage their financial transactions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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