The old world of banking technology is holding New Zealand businesses back from global expansion

Global research by Wise Business has discovered only 17 per cent of the country's micro-small and medium businesses intend to go overseas in the next five years.

Outdated banking technology and Covid-19 are the biggest barriers.

Wise New Zealand's Tristan Dakin says they can help provide no-hassle international business accounts.

He says a lot of businesses aren't aware there's other options out there for conducting overseas business.