Pros and cons of cross-border payment alternatives for NGOs
We weigh up the benefits and drawbacks of different methods of moving money internationally. NGOs often struggle to find financial services that adequately meet their needs.
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We weigh up the benefits and drawbacks of different methods of moving money internationally. NGOs often struggle to find financial services that adequately meet their needs.
More prospects visit a website than purchasers. So, how can businesses turn browsers into buyers? And what role can payments play in this?
Inpay, one of Europe’s fastest growing fintechs, facilitates the rapid European expansion of leading global PSP Tranglo, with the provision of Instant SEPA across Europe. The positive results of the partnership are already clear – dramatically improving the speed of transfer from days to minutes and significantly reducing cost; making global payments as quick and simple as local bank transfers.
Cross-border payments may take anything between three and five days to arrive. Longer if payments get lost or stuck. That’s partly because behind the scenes, international transfers are like a huge game of pass-the-parcel.
Maybe it’s time for non-governmental organizations to look beyond banks to support their important work.
Banks have generally been the default entry point into financial services – as they are for many business sectors. NGOs are familiar with banks and may be comfortable with their existing relationships. However, the feeling may not be mutual…
Everyone likes things that work effectively with the least wasted effort. Think: LED light bulbs that consume less energy and last longer than traditional bulbs. Or lean manufacturing processes that minimize waste and maximize productivity. Or public transport that move people in large numbers without the environmental impact of individual cars.
We’re tackling the tough challenges NGOs face with cross-border payments. Discover our top 5 solutions to improve coverage, speed, expertise, risk management, and navigate trade-offs. A must-read for anyone involved with or interested in NGO financial operations.
If you were given free rein to design your own risk function from scratch, what would you build? Dr Camila Witt at Danish cross-border payments company Inpay tells Sara Benwell how she met this ‘once in a risk manager’s lifetime’ opportunity.
We explore how banks and fintechs are collaborating in mutually beneficial ways. Fintech is a 21st century success story. Financial technology start-ups, or fintechs, have been quick to capitalize on technology to launch new products, which are optimized for digital channels, more user-friendly and cheaper to deliver.
Let’s connect. Whatever your payments challenge, get in contact with a member of our team to see how we can help.
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