How to avoid financial risk when transacting internationally

Transacting internationally can be complex and costly, if not understood and managed properly. Growth and revenue expansion has meant cross-border transactions have increased dramatically over the last few decades and international payments are expecting to increase to over $250 trillion by 2027. But whilst expanding to new territories is vital for growth, it's imperative you understand the financial risks around cross-border transactions to ensure you're operating as efficiently and cost-effectively as possible. We'll go through the different types of risks when managing your cross-border payments and how to effectively manage them.