Today in B2B payments, Tradeling teams up with Amazon Payment Services, while a report indicates that B2B platforms need to cut back on the frictions they cause for small- to medium-sized businesses (SMBs). Plus, RoadSync adds a direct payment option, Wizz Financial adds UAE Exchange and prepares for its rebrand and more.
4 Ways B2B Platforms Create Friction for SMBs
Simplifying payments aspects, ranging from accounts payable/accounts receivable (AP/AR) integration to transaction monitoring, is key when cementing the loyalty of SMBs looking to platforms that will support growth.
The range of payments frictions that can impact user experiences and hinder business growth are numerous, according to the “AP/AR Quick-Start Guide,” a PYMNTS and Plastiq collaboration.
Hyosung America Unveils Suite of Cash Management Products
On Tuesday (July 19), Hyosung America announced the launch of four retail products aimed at improving cash management and enabling cash-to-digital transactions: the X10 Cash-in-Sidecar, Series X MetaKiosk, Cajera CR-E and the Hero cash dispenser
The X10 Cash-in-Sidecar and MetaKiosk are designed to be supported by Hyosung’s upcoming app store, which will allow any ATM operator using Hyosung’s retail software platform to subscribe and download apps including DigitalMint cryptocurrency, Money Remittance and Bill Pay.
The Cajera CR-E is an entry-level cash recycler that provides cash automation and security to retail store owners of all sizes, while the Hero includes a new cash dispenser unit that provides spray dispense/bill presentation and auto recovery capability.
Voice of the CFO: A Startup’s CFO’s View on Future-Proofing Business
As Franco-American MedTech firm TISSIUM is preparing its platform for the commercial stage, it has already had an enterprise resource planning (ERP) system in place for three years. TISSIUM Chief Financial Officer Romain Attard told PYMNTS that one responsibility of CFOs is to anticipate new needs and put in place the right tools at the right time.
When interviewed for the PYMNTS series “A Day in the Life of a Digital-First CFO,” Attard said that digitizing accounting processes is an important component in structuring the company for the next steps.
Tribal Credit Offers Expense Management for MSMEs
Global FinTech firm Tribal Credit’s expense management platform aims to help micro-, small- and medium-sized enterprises (MSMEs) in the Middle East and North Africa (MENA) region take greater control over their spending.
Organizations that use Tribal’s digital platform prepared more internal and real-time financial reports in May 2022, the company said in a press release, with the reports being one of the top three activities carried out by Tribal clients, along with bank transfers and credit card management.
Payments FinTech Wizz to Acquire UAE Exchange
Wizz Financial, a payments solution FinTech, is preparing to rebrand after getting the approval of the United Kingdom’s Financial Conduct Authority (FCA) to acquire UAE Exchange U.K. Limited.
The approval comes on the heels of green lights from the United Arab Emirates and regulatory entities in both the United States and the Middle East. According to a press release, Wizz Financial will rebrand UAE Exchange U.K. as it focuses on synchronizing all its offerings between the U.S., U.K., the UAE and India.
B2B eCommerce Firm Tradeling Teams With Amazon Payment Services
Dubai-based B2B eCommerce platform Tradeling announced Monday (July 18) that it has launched its first collaboration with Amazon Payment Services.
By including Amazon Payment Services as an additional payment service, Tradeling customers can complete payments with various installment options, which will enable them to activate a split payment option through 14 banks in the United Arab Emirates.
Amazon Payment Services Managing Director Peter George called the collaboration “a natural next step in our journey to continue delivering a simple, affordable and trusted payment experience to customers across the [Middle East and North Africa (MENA)] region.”
RoadSync Rolls Out Direct Payment Solution
RoadSync, an Atlanta-based supply chain financing platform, has launched a direct payment solution designed to streamline transactions between brokers or carriers and warehouse merchants while easing drivers’ burdens.
The company said this enhanced payment method gives brokers and carriers greater payment control, protection against fraud, automatic receipt capture and driver delay minimization. Meanwhile, warehouses can benefit from faster payment processing, fewer dock door delays and reduced requests for lost receipts, RoadSync said.
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