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36% of SMBs Use FinTechs for Cross-Border Payments
One in three small businesses already uses a non-bank for overseas payments. Stablecoin rails are projected to jump 55%. The shift rewrites the playbook for payment infrastructure investors.
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A new PYMNTS Intelligence report shows 36% of U.S. small- and medium-sized businesses now use a FinTech company for international payments. Traditional banks still handle the largest share of cross-border flows. But – in the previous draft – FinTech firms are steadily gaining ground by offering faster digital experiences and services built for global trade logistics. Businesses are not abandoning their bank accounts. They are adding new providers to a growing toolkit.
The survey, which covered internationally active SMBs, reported high satisfaction scores across nearly every provider category. FinTech companies stood out by pairing strong customer ratings with rising adoption. Accounting platforms with built-in payment processing are projected to grow from 26% to 29% of businesses using them. Stablecoin and cryptocurrency platforms are expected to jump from 11% to 17% – a 55% increase in usage. Traditional money transfer operators saw a slight decline in projected share.