Saudi British Bank (SABB) has unveiled a Shariah-complaint supply chain finance tool, billed as the first of its kind in Saudi Arabia. As Arab News reported, the launch aligns with the Saudi Vision 2030 program to increase small to medium-sized enterprise financing. Supply chain finance,...
Living in a world where most of consumer payments happen almost instantaneously, you could be forgiven for thinking that most of the money sent across borders is carried there by pigeons. That may as well be the case for the majority of international transactions. When...
The National Bank of Egypt (NBE) has launched a B2B electronic payment service that includes collection and payment tools meant for use by businesses of all sizes, The Daily News Egypt reported Saturday (Nov. 27). NBE’s new platform includes corporate credit cards, corporate debit cards, and automated payments and receipts,...
Business payments are growing more digital by the day. But with that growth comes the critical importance of maintaining back-office structure. That means connecting several “sides” of the B2B payment and managing layers of interaction between a company’s external and internal activities to achieve scale....
B2B sellers have not traditionally paid much attention to streamlining their eCommerce experiences because most corporate buyers seemed comfortable with traditional — albeit lengthier — processes in which they placed orders, waited for invoices in the mail, and then wrote and mailed back paper checks...
Three or four years ago, Ron Totaro participated in B2B panels at Harvard discussing blockchain and crypto. “It was really nascent, really early, it was retail dabbling for the most part,” he told PYMNTS in a recent interview. Over the last year, since the time...
Expense management software company Expensify has gone public, and Founder David Barrett has said in a letter that he thinks the company will succeed because of its goals to be a “financial social network.” “Given this broad feature set packed into a single, simple app,...
Microbusinesses care deeply about transaction efficiency. Deposits’ timing and ease of access can be crucial to the fiscal viability of these small businesses, as even short delays in payments or income receipt can be financially devastating in a time of extended economic uncertainty. When it...
Brazilian-based buy now, pay later (BNPL) startup TruePay on Tuesday (Nov. 23) announced that it recently wrapped up a Series A funding round that brought in $32 million, which will largely be used to hire more employees for the fledgling company, according to a company...
