Traditional cross-border payment mechanisms are no longer sufficient to meet the demands of expanding multinational companies. Global collection and receiving accounts, virtual IBANs, and virtual cards are three great FinTech alternatives to these costly, cumbersome, and inefficient methods. Small businesses that embrace these new approaches will be able to benefit from frictionless payments, greater control over their cashflows, and more effectively engage in cross-border trade.

Discover the advantages of a quicker, cheaper, and more convenient cross-border payment system for your B2B operations with Wallex’s global collection and receiving account. Visit [Wallex](https://www.wallex.asia/sg/?utm_source=morioh&utm_medium=organic_post&utm_campaign=blog_submission&utm_term=april “Wallex”) for more detail.

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