2024 Business Payments and SME Spend Barometer
Discover how small and medium enterprises (SMEs) in Australia, Singapore, and Malaysia are transforming their spending behaviours to navigate an evolving economic landscape. The 2024 SME Spend Barometer uncovers key trends in business payments and investments shaping their future.
Key insights
29%
Increase in IT and digital solutions spending as businesses prioritise tech and innovation.
16%
Rise in office expenses as SMEs ramp up investment in physical infrastructure.
7%
Increase in salaries across the region as businesses seek to balance growth with costs.
Businesses are making smarter decisions, focusing on investments that promise long-term value while carefully managing resources to weather uncertainties. A key part of this strategy is adopting digital cross-border payment solutions to reduce inefficiencies and gain better control over cash flow. Ultimately, this will enable SMEs to navigate global markets with confidence.
Yogesh Sangle
Global Head of Instarem
Yogesh Sangle
Global Head of Instarem
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