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Automated Payments Systems in High Demand as International Payments Soar Due to Increasing Pace of Globalization

Nearly half (46%) of respondents expect to increase international payments in 2016, with 29% planning to upgrade to deploy automated systems

LOS ANGELES – October 4, 2016 — AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, today announced the results of its inaugural State of International Payments Report, finding that nearly half (46%) of North American companies involved with international commerce expect to utilize international payments more this year than in 2015. As a result, nearly one in three North American companies (29%) are planning to start using or plan to upgrade their online automated international payments tools in the next 12 months to increase operational efficiency, mitigate risk and reduce costs.

Globalization & Increasingly International Focus

AFEX’s first annual State of Internati ...

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