European SMEs face challenges with payments speed, study shows - Wusme

September 1th, 2022 – Banking-as-a-Service provider Vodeno has issued a study showing that European SMEs have concerns about the speed of payments and the need to modernise the system. The survey was carried out on over 2,000 SME managers across the UK, France, the Netherlands and Belgium. Regarding international payments, 35% of respondents said that they take around 2 to 3 days to process. Only 11% of those surveyed said the process takes an hour, and only 10% that their payments and instantly processed. Over half (52%) said that the slow speed of payments processing meant they had failed to honour commitments. 54% said slow payments had led to cash shortages which had forced them to take out a loan. The speed of payments is one of the most popular reasons for choosing one payments channel over another, with 44% of respondents citing it as the reason. 44% cite profitability, and 39%, security guarantees. 62% cited delays and unpredictable cash flows as their company’s biggest problem. 62% said that a great proportion of their resources was consumed by volatility in exchange rates. 60% said that the modernisation of payment processing capabilities is a pressing cause for companies. 68% are seeking.

Wusme workshop waste to energy final document hq san marino

SMALLER ENTERPRISES - In an International Conext by Norbert Knoll von Dornhoff - Issuu

Sustainability of SMEs in the Competition: A Systemic Review on Technological Challenges and SME Performance - ScienceDirect

New Research Shows $42 Trillion Locked in Global Supply Chains Stymies SME Growth

How are European SMEs doing? Insights from the SME Performance Review - European Commission

Unleashing the Potential of Europe's Small Businesses - European Commission

Trade credit, payment duration, and SMEs' growth in the European Union

SMALL AND MEDIUM ENTERPRISES by Norbert Knoll von Dornhoff - Issuu

Webinar: NEW TRENDS IN MOBILITY CHALLENGES, CONCERNS AND IMPACT ON SMEs

European SMEs face challenges with payments speed, study shows - Wusme

ReStartSME European Commission's initiative to support SMEs in digital transformation through strategic alliances

How Consumers and SMES Are Adapting to Cross-Border Payment Challenges

54% of SMEs forced to take out a loan due to missing payments