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Money Mover Warns UK SMEs To Lock In FX Rates

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Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. Last year Western Union Business Solutions released new services for small businesses looking to hedge and mitigate against foreign exchange volatility. small businesses.

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Western Union Enables FX Hedging For Hong Kong SMEs

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Cross-border operations can expose companies to an array of risks, including foreign exchange risk. ” Western Union Business Solutions cited research that revealed the majority of SMEs in Hong Kong are only made aware of the true cost of an international invoice after the payment has already been made.

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For Corporates, Cross-Border Payments Innovation Isn’t All About Speed

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There is also the issue of corporates delaying their payment terms to vendors and paying invoices late beyond agreed-upon terms. Kissler noted that CaixaBank also had to make decisions about which foreign currencies to prioritize and retrain staff in both its middle and back offices as part of a diligent transformation.