Almost half of businesses say better fintech solutions are the answer to their top issues

Many B2B businesses have yet to adopt digital payment solutions.

Nearly half of Singapore businesses said innovative payment technology can solve their pressing challenges, according to a recent Rapyd survey.

“This percentage surpasses any other category in Singapore and demonstrates that B2B businesses in the country prioritize fintech as a way to solve business problems more than their counterparts in any other country surveyed,” read the statement.

Many B2B businesses have yet to adopt digital payments in Singapore, which has one of the most advanced payment markets.

Rapyd advised enterprises to “collaborate with innovative fintech firms and embrace modern payment solutions to harness the full benefits of Real-Time Payment networks and streamline payment processes to enhance their operational efficiency.” 

Arik Shtilman, CEO, and co-founder of Rapyd, said the company's commitment to addressing evolving business needs through innovative fintech solutions. 

“Our latest B2B cross-border payment report highlights Singapore's strong confidence in its business environment, while also showing a widespread desire for efficient and cost-effective fintech solutions,” said Shtilman.

The study used online responses from 715 business owners worldwide, including 100 B2B cross-border businesses located in Singapore.