Today in B2B payments, business payments are becoming increasingly digital, and more than three-quarters of small and medium-sized businesses (SMEs) are better at digital payments than they were before the pandemic . Additionally, VertoFX and ClearBank are teaming up to streamline cross-border payments for SMEs and Boatzon is launching eMarketplace for ships, parts and other nautical staples.
VertoFX Partners with ClearBank for Optimized Cross-Border Payments for SMEs
Business-to-business payments company VertoFX has partnered with cloud-based clearing company ClearBank to improve cross-border payments to underserved businesses in Europe.
The partnership will bring multi-currency bank accounts and foreign exchange solutions to UK and European SMEs to remove barriers to cross-border payments and allow Verto users to accept and send payments from a single platform.
Visa Panel: Corporate Payments Go Digital, Invisible to Simplify Complex Transactions
In a recent PYMNTS TV podcast, three payments professionals – Sightline Payments co-CEO Omer Sattar, Car IQ CEO Sterling Pratz and head of commercial payments and cash management at fifth bank Bridgit Chayt – spoke said Gloria Colgan, senior vice president, global product at Visa, that digital B2B commerce is helping businesses think differently about cashouts, loyalty programs and the consumer experience.
Panelists told Colgan that the COVID-19 pandemic has made digitization a much higher priority in the business landscape as they reinvent themselves, reinvent their operations, and improve the way they pay and get paid in the world. hope to survive and thrive in the economic downturn.
Boatzon launches eMarketplace for boats and marine products
Online boat and marine products retailer Boatzon is launching a direct marketplace for consumers to purchase boats and other marine products, providing customers with ways to browse, finance, insure, purchase and schedule delivery of the products they need. ‘they order.
Boatzon, which offers real-time financing and insurance quotes, also allows users to sell ships, engines, trailers and related marine products for free. There are over 200 resellers on the platform.
76% of SMEs say the pandemic has led them to improve their digital payment capabilities
More than three-quarters (76%) of SMEs say the COVID-19 pandemic has encouraged them to improve their digital payment capabilities, according to Enabling B2B Payments For The Virtual Workforce, a recent PYMNTS and ConfermaPay collaboration.
SMBs are using digital expense management tools – from cloud-based expense management platforms to virtual cards – to streamline their payment transactions and meet the needs of their workforce across the country and around the world.