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Home What are the challenges with cross-border payments?
05 Nov 2022 By PAYCEC
The Committee on Payments and Market Infrastructures (CPMI) determined in 2018 that there was "definitely potential to strengthen" cross-border payment system infrastructure. Cross-border transfers certainly include greater risks, complications, and constraints than domestic payments, according to the group, but the difference can often feel disproportionate.
Since then, several banks and other financial organizations have taken attempts to close the gap, although many cross-border payment systems continue to face the same challenges:
- Expensive
- Transactions that are slow
- Concerns about security
- A lack of openness
Customers can find a high-quality cross-border payment solution on PayCEC. Specifically, PayCEC is completely PCI DSS certified , which is the highest level of PCI Security Standards organization (Visa, MasterCard, American Express) accreditation, requiring the gateway to be tested and upgraded on a monthly basis. PayCEC helps merchants enhance business outcomes by offering them a business management page where they can log their transactions, dates and hours, income, and so on. Finally, a premium support team is available 24 hours a day, seven days a week to listen to and resolve any problems that may arise during your PayCEC experience.
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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.
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