Guides and tips

    September 30, 2024

    Navigating cross-border payment solutions: A guide for manufacturing businesses

    The global B2B payment market is projected to grow from $80 trillion in 2023 to $174 trillion by 2030, with a compound annual growth rate (CAGR) of 12%. The manufacturing sector, government, retail, and e-commerce play a significant role in this B2B payments market.

    The manufacturing market has experienced a surge in digital innovations, such as electronic invoicing, accounts payable automation, and payment digitisation. These advancements have enabled manufacturers to conduct cashless B2B transactions remotely and opened up new opportunities, significantly improving business operations.

    As manufacturing companies expand into emerging markets, they increasingly need to make and receive consistent cross-border payments. However, these markets present unique challenges—delayed processing times, high FX costs, regulatory obstacles, and other factors that can disrupt business operations.

    We've developed a comprehensive whitepaper for global manufacturers navigating cross-border payments in emerging markets like Africa. This whitepaper provides insights into:

    • In-depth analysis of cross-border payments in the manufacturing industry.

    • Cross-border payment solutions available to manufacturing companies 

    • Future trends in cross-border payments for the manufacturing industry and recommendations for growth.

    This whitepaper explains how manufacturers can leverage available cross-border payment solutions to expand into emerging markets. It particularly highlights how Klasha facilitates cross-border payments in these regions.

    To download the whitepaper and learn more, click here.