To succeed in today’s market, innovation is critical. Organisations need to be flexible and quick to adapt to changes in regulations, new technologies, new protagonists and, above all, consumer behaviour and expectations.
New regulations alone are opening up markets. The increased transparency brought by the Payment Service Directory (PSD2) and Open Banking is really shaking up the payments arena.
Huge opportunities abound, especially in global markets. But there are several misconceptions about overseas trade and international payments, that are holding businesses back. Let’s shine a light on seven of the most commonly cited myths, and reveal the truth behind the rumours.