Majority of Finance Professionals Say Difficulty with Collecting Cross-Border Payments Slows Global Expansion Flywire survey reveals efficient receivables processing and greater transparency into FX rates could drive bottom-line growth BOSTON, April 14, 2021 (GLOBE NEWSWIRE) — As the global economy becomes more “borderless,” one of the hardest things for businesses to do when expanding internationally is getting paid. In fact, a new survey of finance professionals commissioned by Flywire, a global payments enablement and software company, found that complexities with collecting cross-border payments is impacting their ability to scale their business internationally. Furthermore, 9 out of 10 respondents who have a role in handling the inbound payments at their companies said global expansion efforts could accelerate if businesses could deal with foreign exchange rates in an easier way. These same respondents report revenue loss due to operational inefficiencies with receivables processing.