Trade has become more global than ever, but paying suppliers abroad remains a challenge for businesses looking to make payments in less familiar currencies belonging to emerging economies in Africa, Asia and the Middle East, for example. That logistical challenge is what London-based VertoFX has...
Spanish FinTech Pecunpay and global payments company UnionPay have signed a strategic partnership to make Pecunpay the first Spanish issuer of UnionPay cards, according to a Monday (Dec. 13) press release emailed to PYMNTS. The agreement between the companies covers commercial products, consumer and corporate...
Business banking platforms don’t have to be complicated and disjointed. And big banks, FinTechs and neobanks alike are all showing users that there are alternatives that are more feature-rich, usable and beautiful. “That’s why we have been building out this business banking platform,” Michael Duncan,...
Equifax has launched a tool designed to allow faster, more secure and cheaper business-to-business transactions. OnboardConnect, announced on Monday (Dec. 13), uses data sources and analytics for near-real-time business verification, fraud and anti-money laundering (AML) checks, credit risk checks and tax identification number checks. “This...
Chief financial officers (CFOs) are investing in payments digitization because they believe it is integral to building and keeping healthy balance sheets. For different CFOs, that may mean greater working capital, streamlined accounts receivable (AR) and accounts payable (AP) processes, or improved customer and partner...
Businesses of all sizes and types must handle B2B payments, including the smallest craft shops purchasing needles and thread and technology titans buying materials to build microchips en masse. B2B payments total $25 trillion each year in the U.S. and $120 trillion globally, and these...
Over the course of two calendar years that have been impacted by the pandemic, several general business trends have emerged and don’t look likely to reverse, including digitization, digital transformation and a move toward greater eCommerce and digital-first channels. “When that becomes a priority, then...
Digitizing business-to-business (B2B) payment processes that have long been manual is no easy task, but this action is becoming more necessary for companies operating globally. Organizations continue migrating toward digital channels and are beginning to incorporate newer technologies to assist their accounts payable (AP) and accounts...
Business-to-business (B2B) payment and financing platform for emerging markets Tribal Credit is teaming up with Latin American crypto exchange Bitso and the Stellar Development Foundation to develop a new platform to facilitate cross-border B2B payments, according to a press release. Using Tribal Credit’s new cross-border...
