Main challenges of receiving cross-border B2B payments Singapore 2023

Published by Lucas Romero, Dec 10, 2024

According to a survey conducted in 2023, 29 percent of B2B companies based in Singapore identified managing foreign exchange and regulations as the main challenge for receiving cross-border payments. Slow or inefficient issue reconciliation and managing compliance were the following main challenges. 

Main challenges of receiving cross-border payments among B2B companies in Singapore in 2023

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Source

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Release date

March 2023

Region

Singapore

Survey time period

February 2023

Number of respondents

715 professionals*

Supplementary notes

*business owners and payment decision-makers based in Brazil, Canada, Germany, Mexico, Singapore, the UK, and the US.

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