Unlocking Ecommerce Growth By Simplifying Crossborder Payments

“I had to contact customer service three times, submit verification documents, and wait over a week before the crossborder payment was completed.” – Indonesian SME seeking to pay a foreign vendor, September 2025

wegg board member Kati Suominen, and founder of NextTrade Group analyzes how the persistent payment frictions and complex financial regulations that contribute to them impact international trade and small and medium enterprises (SMEs) engaged in crossborder ecommerce. The study she wrote offers policy proposals for simpler, digitized, and interoperable financial regulations for unlocking crossborder ecommerce.

This study is based on survey data on 2,100 small importers in seven markets (Brazil, Germany, Indonesia, Malaysia, the Philippines, South Africa, and Thailand); 1,000 small multimarket exporters in the UK and the United States, as well as econometric work, including a gravity model of international trade.

Discover the main findings here.  Full access to the report can be found here.  Kati will be presenting a wegginar® March 4th – stay tuned so you don’t miss her insights.