European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment systems and logistical challenges due to the sanctions. Italian businesses heavily reliant on Russian markets now face…
September 1, 2024 at 08:18 PM GST updated: September 1, 2024 at 01:36 PM 2 mins read News Ripple Payments empowers SMEs with real-time, low-cost cross-border transactions, helping local banks drive growth. SMEs face delays, high fees, and cash flow issues with traditional payments; Ripple offers a faster, more affordable solution. By adopting Ripple Payments,…
September 1, 2024 at 04:55 AM GST updated: September 1, 2024 at 04:10 AM 2 mins read Market News SMEs contribute over $17 trillion in annual cross-border payments but face challenges with outdated payment systems. Local banks can capture a larger market share by offering modern, blockchain-powered payment solutions to SMEs. Ripple Payments provides a…