This is the essential to develop an international company

MEXICO- After the Covid-19 pandemic, companies have found it necessary to change the work patterns of their employees. Like remote work or the return of many of them to their places of origin abroad. In addition, another challenge to overcome was the expansion of a company internationally, requiring the positioning of offices, managers and/or professionals in strategic cities allowing significant growth. In this way, it is essential to have efficient payment platforms to other parts of the world.

Thus, to develop a business internationally, it is essential to increase sales, and to achieve this, it is important to have trained staff in each of the key areas of the business. For example, according to a recent survey by Routefusion, 75% of companies that expanded their business after the pandemic indicated that they wanted to be able to hire staff from overseas.

Despite the percentage of businesses mentioned above, 60% said that one of the obstacles to this is not having an efficient payment platform. Therefore, they continue to use the traditional bank to make their international transfers. With this, the study showed that 67% of those companies interested in hiring professionals abroad consider the use of tools to receive and send money to other countries essential. This can be considered as an essential measure to develop an international activity and not only for the payroll, but also for the companies which must carry out transactions abroad.

“Similarly, foreign investments and remittances to our country can benefit from the financial solutions offered by fintechs and, more specifically, by Routefusion. This, because it has created an API with a large network of options to carry out transactions in 140 countries, with greater flexibility for global payments. Which solves common obstacles in a traditional banking system that often prevent an international business from expanding,” Alfred Pepping, director of Routefusion in Latin America, explained to NotiPress.

Much of the economic growth in Mexico in 2022 was due to foreign capital in the country, according to figures from the Ministry of Economy itself. In other words, in the first half of 2022, 27 thousand 511.6 million dollars of foreign direct investment (FDI) was captured, an increase of 49.2% compared to the same period of 2021. , Routefusion enables simple and inexpensive cross-border payments to more than 140 countries. These platforms are becoming an effective tool for developing business internationally, improving financial results and avoiding the complex systems offered by traditional banking.


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