B2B Payments

B2B Payments
37% of Firms Use Blockchain, Crypto for Cross-Border Payments
July 13, 2022

With rare exceptions, even slow cryptocurrency transactions are faster than many other payment methods. Most blockchain transactions are completed in minutes, rather than hours or even days, and are able to provide assurances against error or fraud through the transparency of distributed-ledger technology (DLT). This...

B2B Payments
Today in B2B Payments: Tradeteq Launches Trade Finance Investor Marketplace; Melio, Capital One Debut AP...
July 12, 2022

Today in B2B payments, Tradeteq launches a marketplace for investors, while Melio and Capital One debut an accounts payable (AP) solution. Plus, Digital River partners with commercetools, enterprise resource planning (ERP) firm Acumatica expands its Shopify partnership, and Yapily and Soldo team up on streamlined...

B2B Payments
Tradeteq Debuts New Marketplace for Trade Finance Investors
July 12, 2022

Trade finance technology specialist Tradeteq has launched Tradeteq Access Lite, a marketplace for investors to participate in the secondary trading of trade finance assets, according to a press release. More than 40 members of the Trade Finance Distribution Initiative (TFDI) have already signed up on...

B2B Payments
B2B Customers’ Changing Payment Preferences Skew Towards Speed and Ease
July 12, 2022

Meeting end users’ needs requires companies to pay careful attention to how the payment preferences of consumers, vendors and industry partners are changing.  It also requires companies to know what tools and technologies can help them keep pace with these shifts, according to “The Banking-as-a-Service...

B2B Payments
Today in B2B Payments: SMBs Face Billing Woes; Digital Payments Pave Way for Car Dealers
July 11, 2022

Today in B2B payments, almost half of businesses say their current systems can’t accommodate virtual cards, while automation is one way to transform your company into a future-focused organization. Plus, Vegrow will expand its AgriTech offering thanks to a recent $25 million funding round. 48%...

B2B Payments
48% of Businesses Say They’re Unprepared to Handle Virtual Cards
July 11, 2022

Virtual cards can help businesses streamline their business-to-business (B2B) operations, improve efficiencies and ultimately boost their bottom lines. Still, many firms are hesitant to adopt the technology. Several key barriers prevent many U.S. and Canadian firms from adopting virtual card innovations that can enhance their...

B2B Payments
Small Businesses Drowning Under Invoice Complexity
July 11, 2022

Within the business-to-business (B2B) payments ecosystem, small- to medium-sized business (SMB) payors cite several issues that they typically face when making payments to suppliers.  Topping the list is manual invoice review, which is cited by the greatest share of SMBs as a problem that they...

B2B Payments
AgriTech Market Vegrow Raises $25M for Expansion
July 11, 2022

Vegrow, a B2B AgriTech fruit marketplace based in Bengaluru, India, has raised $25 million in a Series B funding round. As the Economic Times reported Monday (July 11), the round was led by Prosus Ventures, with participation by existing investors Matrix Partners India, Elevation Capital,...

B2B Payments
B2B Marketplace TradeIndia Launches Loan Service for MSMEs
July 10, 2022

New Delhi-based B2B marketplace TradeIndia has rolled out TradeIndia Lending (TI Lending), a new loan service for micro-, small- and medium-sized enterprises (MSMEs), according to a Financial Express report Friday (July 8). CEO Sandip Chettri said TradeIndia was launching the product because the company discovered...