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Currency Costs Test the Promise of Cross-Border Payment Bundles

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Currency Costs Test the Promise of Cross-Border Payment Bundles

PYMNTS Intelligence found that faster settlement leads surveyed SMBs’ priorities for cross-border payment improvements.

Foreign exchange remained the largest measured retail cost component in an assessment by the Financial Stability Board.

October announcements from FinTechs combine currency management with accounts, cards and spending.

Small businesses in the United States purchasing overseas want faster payments, lower fees and better exchange rates. Financial providers are combining accounts, currency management and spending services around that activity.

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The PYMNTS Intelligence report “The Cross-Border Opportunity: What Global Sourcing by US SMBs Means for Payment Providers,” produced with Mastercard, found in May that 57% of surveyed small- to medium-sized businesses (SMBs) sourced production inputs internationally in 2025. Overseas sourcing extended to 42% of businesses with annual revenue below $150,000, compared with 73% of firms generating $1 million to $10 million.

The findings placed cross-border payments within routine purchasing for businesses of different sizes.

Announcements this month take aim at reducing at least some of the costs associated with commerce on an international scope.

Stripe and Plasma said Oct. 15 that they are partnering to target unnecessary conversions through multicurrency stablecoin cards, PYMNTS reported.

“A cardholder holding euros, for example, will be able to spend directly in euros without converting through dollars first,” the companies said in a press release.



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