• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
Sunday, July 13, 2025
  • Login
Country First
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
Country First
No Result
View All Result

89 per cent CEOs believe that streamlining payments is key to competitive advantage: NIUM

Country First by Country First
September 6, 2022
in Business
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter

The recent ‘Essential Payments Transformation’ report released by NIUM in August 2022 highlights the need for a ‘Global by Default’ approach to modern money movement. As part of the report, NIUM- the global platform for modern money movement- spoke to 172 business leaders and summarised that global businesses have unfortunately been relying on a fragmented patchwork of solutions to move money. 89% CEOs say that streamlining payments is key to competitive advantage. Modern money movement can help accelerate growth, maintain competitive advantage, and retain market share in the future. 

The way the world works and moves money has changed irreversibly.

You might also like

Shaligram Infotech Celebrates 10 Years of Driving Digital Innovation for Global Businesses

Shaligram Infotech Celebrates 10 Years of Driving Digital Innovation for Global Businesses

July 12, 2025
Shaligram Infotech, A Trusted Microsoft Partner In India, Marks 10 Years With Rebranding And Expanded Global Focus

Shaligram Infotech, A Trusted Microsoft Partner In India, Marks 10 Years With Rebranding And Expanded Global Focus

July 9, 2025

Hence, the highly fragmented global payments network is a hot C-suite discussion topic. Even though business has already become global, money is still controlled, regulated, and moved differently according to geography. Add to this, the risk of fraud, money laundering, and funding illegal activity means that global money movement is one of the most scrutinised activities a business can perform. Any institution must demonstrate compliance and accountability within these rules in each territory to be allowed to operate and move money.

To understand how severely the issue of money management is discussed in boardrooms, NIUM (a platform that holds licenses and authorisations in over 40 countries) spoke to 172 top business leaders and integrated their views into the ‘Essential Payments Transformation’ report. NIUM, a platform that businesses can connect to and pay out in more than 100 currencies to over 190 countries, operates in a very competitive market. There’s PayPal, Stripe and Payoneer on the one hand and other small business facilitators such as Freshbooks and Pleo.

The growth and adoption of such platforms arises from concerns on a broad range of issues relating to global payments when evaluating international expansion. While 78% CEOs are concerned about ineffective cyber security and fraud risks and/or checks, 73% are concerned about operational inefficiencies, and 70% are concerned about coordinating payments to contractors/vendors/customers across multiple countries. 

The survey also showed that 45% of business leaders cited accelerating digital business as the top driver for business payment transformation, followed by growing revenue (44%), reducing cost (40%), and better compliance (40%) among other factors. 

The report also highlights that 89% of businesses believe that streamlining payments to international independent contractors is essential to gain a competitive advantage. While 65% of businesses plan to build their own custom payment platforms, either by engaging an IT firm or by building internally (to increase the performance, agility, and efficiency of the business), 79% of businesses said that building and maintaining their own payment systems is burdensome. This contradiction is possibly the highlight of the report.

Summing up-

  1. To build a sustainable future and long-term success, business leaders today acknowledge the immense value of easy payments across borders.
  2. Most businesses rely on intermediaries to manage and control payment flows, which not only increases the cost of transactions but also decreases control and flexibility in payment.
  3. Managing local compliance and accountability is time-consuming, expensive, and highly specialised and best left to experts. Therefore, ‘easy payments across borders’ is the change every business is looking forward to.
  4. Businesses would like to be able to move capital quickly, easily, and safely—in any currency, using any payment method, to anyone across the world—while meeting all risk and compliance obligations.

At a time when every business cannot possibly build its own payment infrastructure , the most reliable way to adapt to modern money movement seems to be to engage with an established platform that can provide targeted expertise, support, and flexibility. 

Tags: global payments networkglobal platform for modern money movementModern money movementNIUMstreamlining payments
Previous Post

How Can Snehashree’s Book “Five Lotuses & The Morass” help us reflect & relax mentally?

Next Post

12 y.o. boy Crosses 337 Ft Reservoir in 7 minutes! sets world record

Country First

Country First

Related Posts

Shaligram Infotech Celebrates 10 Years of Driving Digital Innovation for Global Businesses

Shaligram Infotech Celebrates 10 Years of Driving Digital Innovation for Global Businesses

by Country First
July 12, 2025
0

Ahmedabad (Gujarat) : Shaligram Infotech, a known name in the IT services industry and a Microsoft Certified Partner, marks a...

Shaligram Infotech, A Trusted Microsoft Partner In India, Marks 10 Years With Rebranding And Expanded Global Focus

Shaligram Infotech, A Trusted Microsoft Partner In India, Marks 10 Years With Rebranding And Expanded Global Focus

by Country First
July 9, 2025
0

Ahmedabad, (Gujarat) : Shaligram Infotech, a trusted Microsoft Partner and a leading IT solutions provider based in India marked the...

Aayoma Home Appliances Pvt. Ltd: Built in India, Trusted Worldwide

Aayoma Home Appliances Pvt. Ltd: Built in India, Trusted Worldwide

by Country First
July 7, 2025
0

Mumbai (Maharashtra) , July 07 2025: In a sector historically dependent on imported components, Aayoma Home Appliances Pvt. Ltd. is...

Excel CoolCoat Delivers Impressive Cooling of Buildings in Delhi: Roof Temperatures Drop by 19°C

Excel CoolCoat Delivers Impressive Cooling of Buildings in Delhi: Roof Temperatures Drop by 19°C

by Country First
July 3, 2025
0

A proactive application of Excel CoolCoat in Delhi results in substantial heat reduction, enhanced AC efficiency, and reduced power consumption...

Next Post
12 y.o. boy Crosses 337 Ft Reservoir in 7 minutes! sets world record

12 y.o. boy Crosses 337 Ft Reservoir in 7 minutes! sets world record

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related Post

The Next- gen impeccable gifting experience - Baked Bouquets

The Next- gen impeccable gifting experience – Baked Bouquets

November 5, 2022
Greenfuel Electronics has launched the first-ever compact, lightweight and easy-to-use Tyre Inflator & Puncture Repair Kit

Greenfuel Electronics has launched the first-ever compact, lightweight and easy-to-use Tyre Inflator & Puncture Repair Kit

March 29, 2023

WPSaviour- The Messiah for all WordPress conundrums

October 28, 2020

Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

Tags

Ace Entrepreneur actor Ahmedabad Artificial intelligence Bengaluru Blockchain technology BRICS CCI COVID-19 Cryptocurrency CSIR Delhi Digital Marketing DST Education entrepreneur Fairplay Ginny Kapoor Gujarat Gurugram Hyderabad India's Most Prominent Pageant Indian Institute of Technology Influencer Influencerquipo innovation Kingston Technology K Raheja Corp Homes LANXESS memory products and technology solutions Mr. Gagandeep Kapoor Mrs.INDIA Galaxy Mrs.INDIA Galaxy 2022 Mumbai Music Industry National Pageant Mrs.INDIA Galaxy 2022 pandemic photography producer Pune real estate Shan Se Entertainment Shantanu Bhamare Surat technology solutions Vibrant Concepts

Country First is a digital news and story platform that bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

© 2022 Country First

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Country First

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In