Conduit launched its B2B cross-border payments platform for businesses in Latin America, recognizing the significant challenges businesses in countries like Colombia, Brazil and Mexico face when trying to connect to the global financial system. Many of these businesses struggle with access to dollars, reliable SWIFT connections and other essential payment rails. The situation is similar in Africa, where businesses in countries like Kenya and Nigeria also encounter these difficulties.
Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually.
