To understand the ambitions, and challenges, of entrepreneurs and business owners, Payoneer surveyed 3,575 SMBs across 15 countries. What we found: SMBs see developing their businesses internationally as key to achieving their goals. However, many do not feel prepared to expand their business to a new country. Nevertheless, the majority of SMBs are optimistic about their business outlook and expect to double their revenue growth rates in the next two years. With such ambition, SMBs will continue to drive economic growth in today’s increasingly interconnected world.

New business models are constantly springing up. In turn, payment services regulations are becoming more complex. Thus, the payment ecosystem continuously sees new challenges. This is why you need a global compliance program. And using the right payment tools is the first step.

The General Data Protection Regulation (GDPR) was a game-changer when it came into force on May 25, 2018. Five years later, the impact of GDPR is still profound, with ongoing changes in enforcement and new precedents being set by courts and regulators. The question today is not whether you were ready back then, but whether your business is still compliant and up-to-date with the latest developments.

The 2023 Freelancer Report is here. A recovery year, 2023 marks change. Freelancers remain vital in the economy. Challenges arise, yet demand grows. Insights reveal new paths for businesses.