PYMNTS

SEPTEMBER 4, 2019

B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. bank Barclays announced support for B2B Pay as part of its Tel Aviv Barclays Accelerator program. In 2016 U.K.

B2B 59

B2B Banking Foreign Exchange Pharmaceutical 59

PYMNTS

DECEMBER 24, 2020

These O2C challenges are only compounded for businesses that conduct cross-border B2B payments, as these firms must manage shifting foreign exchange (FX) rates, varying international regulations and other variables to ensure that orders, invoices and payments are accurate. O2C And The Data Problem.

B2B 79

B2B Foreign Exchange Invoicing Manufacturing 79

PYMNTS

SEPTEMBER 20, 2020

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. We are looking forward to working together with this international player in our ecosystem.".

Foreign Exchange 120

Foreign Exchange B2B Currencies Economics 120

PYMNTS

DECEMBER 9, 2020

With B2B eCommerce now a booming segment thanks to accelerated digitization in the last year, cross-border trade volume is expected to rise. He told PYMNTS that this trust deficit creates especially large pain points in an already complicated B2B payment process. But global trade is a complicated operation, to say the least.

B2B 64

B2B Foreign Exchange eCommerce Finance 64

PYMNTS

JULY 8, 2020

To provide platform clients a greater ability to grow and be transparent with global payments, cloud banking company Mambu and B2B cross-border technology firm Currencycloud have joined forces with an integration, according to an announcement.

B2B 56

B2B Foreign Exchange Invoicing Accounting 56

PYMNTS

JULY 12, 2019

Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 million raised this week. Ireland and Italy.

B2B 64

B2B eCommerce Foreign Exchange Startups 64

PYMNTS

MARCH 8, 2017

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 Enter the new PYMNTS.com B2B API Tracker™. trillion global payments market. .

B2B 76

B2B Foreign Exchange Construction Cash Management 76

PYMNTS

SEPTEMBER 17, 2019

Travelex , part of the United Arab Emirates-based Finablr , is rolling out a FinTech business-to-business (B2B) platform called Travelex Business, IBS Intelligence reported on Tuesday (Sept. The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion.

B2B 60

B2B Foreign Exchange Currencies Cash Management 60

PYMNTS

NOVEMBER 7, 2019

To that end, Alan Koenigsberg, global head of new payment flows at Visa Business Solutions , said in a Masterclass interview with Karen Webster that the B2B space represents a landscape ripe with opportunity. To get a sense of the size and scope, consider the fact that there is $120 trillion in annual B2B spend across the globe, he noted.

B2B 49

B2B Foreign Exchange Banking Investments 49

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Bank-FinTech Collaboration.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

NOVEMBER 15, 2019

Interestingly, though, in the cross-border payments context, card technology — specifically, virtual commercial cards — can be an effective solution to the challenges and friction points of global B2B payments. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments. ”

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

Future CFO

DECEMBER 12, 2023

When it comes to global business travel forecasts for 2024, the good news is that airfares look set to stabilise across key routes around the world, said B2B travel platform American Express Global Business Travel (Amex GBT) recently when releasing its Air Monitor 2024 report.

Forecasting 52

Forecasting Foreign Exchange B2B Accounting 52

PYMNTS

JUNE 13, 2019

Remittence technology firm WorldRemit is stepping into the cross-border B2B money transfer market with the launch of WorldRemit For Business, reports in Africa News said Wednesday (June 12). WorldRemit for Business enables small and medium-sized businesses (SMBs) to pay employees and contractors across 140 countries.

B2B 49

B2B Marketing Foreign Exchange Investments 49

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

B2B 53

B2B Accounts Payable Invoicing Currencies 53

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) B2B Foreign Exchange Startups 43

PYMNTS

JANUARY 9, 2018

UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. According to a press release issued on Monday (Jan. Exports made up 80 percent of that volume. market and allow tourists from China visiting the U.S.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

PYMNTS

NOVEMBER 7, 2019

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

B2B 40

B2B B2C Foreign Exchange Invoicing 40

PYMNTS

FEBRUARY 18, 2020

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. Like the others, it will be a location where two Asian clients can pay one another in local currency, and reduce the foreign exchange cost to one conversion, according to Deutsche Bank.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

PYMNTS

MAY 12, 2017

The cross-border B2B payments market, on the other hand, is fraught with friction, despite being much larger in size — accounting for nearly 80 percent of global cross-border payment revenue, according to a 2016 report by McKinsey & Company. In comparison to P2P transfers, B2B payments logistically involve more heavy lifting, Laven said.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

OCTOBER 4, 2019

More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. See all of the latest B2B fundraises below. million in the B2B eCommerce startup, MENAbytes reports said. SaaSOptics. Clix Capital. Both Greensill and SoftBank declined to comment.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

DECEMBER 2, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog. . The FX solutions were developed for small- and medium-sized businesses (SMBs) dealing with business-to-business (B2B) cross-border transactions.

Foreign Exchange 52

Foreign Exchange Currencies B2B Invoicing 52

PYMNTS

MARCH 5, 2019

WorldFirst is looking to expand its B2B payments position through an acquisition of CurrencyVue, the company said on Monday (March 4). CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

JANUARY 13, 2017

CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

NOVEMBER 3, 2020

Statrys is a payment offering is targeted to small and medium-sized businesses (SMBs), entrepreneurs and upstarts that need flexible banking and developed foreign exchange offerings that can let them expand around the world.

Foreign Exchange 105

Foreign Exchange Currencies Finance Accounting 105

PYMNTS

NOVEMBER 16, 2020

Across Asia, an ongoing boom in global eCommerce volume, coupled with a convergence of market conditions, has made cross-border B2B trade a booming business — and a potentially lucrative one for small and medium-sized enterprises (SMEs). One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

AUGUST 25, 2016

PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. Now, the company is taking a solo approach to the space with the rollout of a new service aimed squarely at freelancers and B2B sellers. Reports on Wednesday (Aug. The discount was also rolled out in India.

B2B 40

B2B Foreign Exchange Invoicing Accounting 40

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. 8) that three unnamed sources revealed Citi is advising on the process as GPS, which provides foreign exchange services to mitigate FX risk for corporate clients, seeks a buyer.

Foreign Exchange 43

Foreign Exchange Marketing Sales B2B 43

PYMNTS

APRIL 7, 2020

This has resulted in business-to-business (B2B) offerings such as mobile apps that help provide small business owners better overview and management of their companies’ bank accounts, as well as their accounts payable (AP) and accounts receivable (AR). Around The B2B API World. Read the full story in the Tracker. About The Tracker.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

AUGUST 14, 2020

Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. B2B eCommerce sales in the U.S. alone are expected to hit $1.2 trillion by 2021.

eCommerce 118

eCommerce B2C Treasury B2B 118

PYMNTS

SEPTEMBER 27, 2018

The unit provides small- and medium-sized businesses (SMBs) with cross-border supplier payment services , enabling those companies to pay vendors in their local currencies to mitigate against foreign exchange risk and fees. Western Union said via a spokesperson that it does not comment on M&A speculation.

Sales 79

Sales B2B Foreign Exchange Valuation 79

PYMNTS

OCTOBER 22, 2019

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains. Limited connections between FIs can cause delays and higher costs as well.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

OCTOBER 21, 2016

It was another stellar week for B2B FinTech startups, which announced a collective $191.8 B2B Payments. B2B payments automation firm Nvoicepay revealed a $10 million investment Wednesday (Oct. What would a B2B venture capital roundup be without an alternative finance player landing on the board? PayCommerce. IbanF irst.

B2B 77

B2B Startups Foreign Exchange Investments 77

PYMNTS

JUNE 19, 2020

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. In separate news, BNP Paribas , the French financial institution, unveiled a FinTech partnership to bolster its foreign exchange service offerings per news in September.

Risk Management 64

Risk Management Foreign Exchange Treasury Banking 64

PYMNTS

NOVEMBER 17, 2020

After receiving the green light, payments can be released straight from the Beanworks platform that is linked with Cambridge's live foreign exchange rates. Firms can start wire transfers and other payments with the Beanworks system as a result of the collaboration.

Accounts Payable 84

Accounts Payable Foreign Exchange B2B Invoicing 84

PYMNTS

MARCH 16, 2020

Western Union, known for cross-border payments and money moving maneuvers, will use Integral’s technology for its electronic foreign exchange (eFX) risk management technology across the Western Union Business Solutions program, the release states.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

PYMNTS

OCTOBER 20, 2020

With the new partnership and solution, Mphasis customers can access new payments, working capital and Foreign Exchange services, with an aim toward meeting the needs of small and medium-sized businesses (SMBs). Corporate payments are also a big driver in that space, with 17 percent of B2B payments expected to be real-time by 2025.

Foreign Exchange 82

Foreign Exchange Healthcare B2B Finance 82

PYMNTS

JUNE 19, 2020

It also has implications on the B2B side of operations, said Remitr CEO and Co-founder Kanchan Kumar. Launching online and expanding into the international market can be effective for B2B exporters, too, and introduce the need to expand supply chains across borders. Even worse, the U.S.’s “That’s a huge pain point.”

Foreign Exchange 56

Foreign Exchange Currencies B2B Accounting 56