Many card issuers have begun offering virtual cards as clients increasingly demand digital-first payment options. And these cards are fast becoming a preferred method of payment in various markets around the globe, with recent research indicating that the worldwide value of virtual card transactions will...
The adoption of digital business-to-business (B2B) payment solutions was accelerated by the pandemic but will continue post-COVID, driven by the many benefits they provide, RJ Ancona, vice president and general manager, B2B, global merchant and network services at American Express, told PYMNTS. Buying organizations have...
B2Brazil Serviços Interativos Ltda., on Friday (Jan. 28) unveiled online marketplaces in Chile (B2Chile), Colombia (B2Colombia) and Mexico (B2Mexico), noting the new trio relies on B2Brazil’s technology and database and the company has more than 20,000 users in the three countries where it debuted. The...
Indian business-to-business (B2B) eCommerce platform Moglix on Friday (Jan. 28) announced it has raised $250 million in its most recent fundraising round and its valuation is up to $2.6 billion, according to an Economic Times report. Existing investors Tiger Global and Alpha Wave Global led...
Microbusinesses and small- to medium-sized businesses (SMBs) are key to India’s economy, yet they have difficulty accessing finance. KredX aims to provide a solution. In 2015, the company launched an invoice discounting marketplace that connects verified vendors with investors. On the marketplace, businesses list their...
Vroozi, the spend management and accounts payable automation platform, has made its Vroozi Intelligence smart accounts payable and invoice automation (APIA) platform available, a press release says. The release says Vroozi Intelligence brings AI to the AP department with the intent of helping to automate...
Golf Genius Software will be partnering with RepSpark Systems to debut a new level of B2B eCommerce wholesale for golf apparel and equipment, a press release says. Golf Genius is a cloud-based workflow management solution for golf professionals, which works on streamlining golf shop operations...
Ninety percent of the small business owners who switch payroll providers do so because they’re dissatisfied with the customer service of their current provider, Shrad Rao, CEO of Wagepoint, told PYMNTS. “Payroll is a subject matter people don’t know a lot about, usually, so when...
Many companies don’t offer corporate cards anymore. This has given rise to the “invisible bank of the employee,” wherein a worker takes on a financial burden for their employer that may lead to a hefty debt that becomes unaffordable. Studies suggest that close to 40%...
