• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Sunday, May 11, 2025
  • Login
National Age
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
No Result
View All Result
National Age
No Result
View All Result
Home Business

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

National Age by National Age
September 6, 2022
in Business
0
89 per cent CEOs believe that streamlining payments is key to competitive advantage: NIUM
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.

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.

Read ThisAlso

Krillam Redefines Sustainable Luxury in Resort Experiences

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders

Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders

May 6, 2025

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
Share7Tweet5Share1SendShareSend
Previous Post

A great opportunity for influencers to earn with The Young Indians

Next Post

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

National Age

National Age

Related Posts

Krillam Redefines Sustainable Luxury in Resort Experiences
Business

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders
Business

Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders

May 6, 2025
Barclay Italy Launches Clean, Alcohol-Free Skincare & Haircare for Oily, Acne-Prone Indian Skin
Business

Barclay Italy Launches Clean, Alcohol-Free Skincare & Haircare for Oily, Acne-Prone Indian Skin

May 6, 2025
Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India
Business

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

May 6, 2025
Plumbex India 2025: Strategic Collaborations and Whitepaper Launch to Revolutionize Urban Water Management
Business

Plumbex India 2025: Strategic Collaborations and Whitepaper Launch to Revolutionize Urban Water Management

May 6, 2025
Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living
Business

Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

May 5, 2025
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

Sarika Potnis from Pune crowned as Mrs India Galaxy first runner-up (2022) 

Sarika Potnis from Pune crowned as Mrs India Galaxy first runner-up (2022) 

Monika Sinha from Lucknow bagged the subtitle Mrs. Nobel at Mrs. INDIA Galaxy 2022

Monika Sinha from Lucknow bagged the subtitle Mrs. Nobel at Mrs. INDIA Galaxy 2022

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

May 26, 2022
Now our E-store India has become an international company

Now our E-store India has become an international company

November 1, 2022
Rotary announces: 20th Global Poster Painting Competition

Rotary announces: 20th Global Poster Painting Competition

June 8, 2022
On 27th & 28th December at Surat Marriott, Athwalines India’s premier fashion showcase Hi Life Exhibition is back

On 27th & 28th December at Surat Marriott, Athwalines India’s premier fashion showcase Hi Life Exhibition is back

December 26, 2023
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

27
MPF Investments are mainly aimed at companies in the Indian Market

MPF Investments are mainly aimed at companies in the Indian Market

4

TECNO launches SPARK Power 2 Air: The new Power Play Entertainment device

2

PrivateCourt is all set to revolutionize the concept of Online Dispute Resolution

1
Watch a Story of Truth and Courage Unfold in Bela: Gujarati Urban Film

Watch a Story of Truth and Courage Unfold in Bela: Gujarati Urban Film

May 10, 2025
Vicky Khandelwal – Winner of the 21st Century Emily Dickinson Award

Vicky Khandelwal – Winner of the 21st Century Emily Dickinson Award

May 10, 2025
Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

May 9, 2025

Recent News

Watch a Story of Truth and Courage Unfold in Bela: Gujarati Urban Film

Watch a Story of Truth and Courage Unfold in Bela: Gujarati Urban Film

May 10, 2025
Vicky Khandelwal – Winner of the 21st Century Emily Dickinson Award

Vicky Khandelwal – Winner of the 21st Century Emily Dickinson Award

May 10, 2025
Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

May 9, 2025

www.nationalage.com, digital news and story platform 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.

If you have any query regarding Site, Advertisement, and any other issue, please feel free to contact at [email protected]

Follow Us

Browse by Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
Watch a Story of Truth and Courage Unfold in Bela: Gujarati Urban Film

Watch a Story of Truth and Courage Unfold in Bela: Gujarati Urban Film

May 10, 2025
Vicky Khandelwal – Winner of the 21st Century Emily Dickinson Award

Vicky Khandelwal – Winner of the 21st Century Emily Dickinson Award

May 10, 2025
Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

May 9, 2025
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Copyright © 2021 National Age

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

Copyright © 2021 National Age

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