Lili, a leading financial platform catering to small business owners, has announced the launch of international wire payments across 27 countries, enabling small enterprises to expand their operations beyond borders. This initiative aims to bridge the gap in cross-border payment solutions, traditionally accessible only to larger businesses with advanced financial infrastructure.
According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1 trillion in 2023 and is projected to grow by 53% by 2030. As global trade accelerates, small businesses require efficient, secure, and cost-effective payment solutions to remain competitive.
Lili’s new offering enables small business owners to send and receive international payments across North America, Europe, and Asia. Key features include unlimited inbound transfers, high outbound transaction limits, enhanced security, and competitive pricing. Payments can be processed in as little as 24 hours, providing small businesses with faster and more reliable transactions.
The integration of Lili’s Bill Pay solution further streamlines international transactions by automatically organizing payment details, helping small businesses strengthen vendor relationships and gain a comprehensive view of their financial operations.
Lilac Bar David, co-founder and CEO of Lili, emphasized the impact of this solution:
“Through international payments, small business owners will have the flexibility to connect with more vendors and customers abroad, helping them both innovate their offerings and expand their base of clients. Lili’s customers now have a quick and cost-effective way to streamline payments, enabling them to compete more effectively in today’s global marketplace.”
With this expansion, Lili continues to enhance its financial tools, empowering small businesses with the resources needed to navigate the complexities of international commerce.
