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Global Payments research uncovers hidden cost of payment complexity for Australian SMBs
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The PRWIRE Press Releases
BRISBANE – Global Payments Inc. (NYSE: GPN) and its Australian subsidiary Ezidebit today released new market research revealing the biggest payment challenges facing small and medium businesses (SMBs).
One in six payments arrive late - Late payments persist and 54% of SMBs face regular late or missing payments, impacting cash flow.
Only 20% have consolidated payment providers - With 93% of businesses who use multiple payment providers open to consolidating, the perceived barriers of change hold back most SMBs.
Masseh Haidary, CEO Payments Oceania at Global Payments, said its report uncovers the impacts of payment fragmentation on business growth, cash flow and customer loyalty.
Headquartered in Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500.
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