When it comes down to payments and foreign exchange exposure, small and medium sized businesses don’t have a good understanding of what it’s costing them.

It varies from company to company, obviously, but even the big companies can be oblivious to the charges — up to 5%.

On this episode, I talked with Pourash Pant, co-founder of Tigerflo Global Payments, about why most SMBs don’t even realize how much they’re losing.

What we talked about:

• The reality of foreign exchange payments losses
• Why SMBs are particularly susceptible to the “used car dealership model”
• Average losses for small businesses and medium businesses
• Educating SMBs in foreign exchange solutions
• The next 5-10 years in FinTech

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