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Wednesday, July 24, 2024

Payoneer sees growth of global SMBs

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Payoneer, a financial technology company empowering the world’s small- and medium-sized businesses (SMBs) to transact, do business and grow globally, released its second annual SMB Ambitions Barometer, which surveyed nearly 3,800 SMBs across 15 countries in early 2024 to gauge the factors critical to their growth.

“We are seeing unprecedented global growth opportunities for the world’s entrepreneurs and small businesses, who are leading a new wave of globalization,” said John Caplan, CEO of Payoneer chief executive John Caplan.

““Forty-six percent of SMBS we surveyed are reporting that their customer base is international, up four points from last year. At the same time, SMBS are facing an ever-growing number of macro challenges and are preparing to drive efficiencies by adopting Al technologies, partnering with more vendors, and breaking into new trade corridors,” he said.

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