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B2B, C2C, B2C, C2B, what does each business model mean in cross-border payments? . The diagram below shows the market size, profit margin, and typical companies. 🔹 C2C (Customer pays Customer) Typical scenarios include cross-border remittance etc. The profit margin is the highest (6%) among the 4 business models, and the volume is the lowest. 🔹 B2C (Business pays Customer) Typical scenarios include salaries, welfare, and refunds. The profit margin is 1.5%, and the volume is 2.5X C2C. 🔹 C2B (Customer pays Business) Typical scenarios include eCommerce and marketplace payments, PoS (Point-of-Sale), and billing. The profit margin is 3.5%, and the volume is higher than B2C. 🔹 B2B (Business pays Business) Typical scenarios are inter-company trade and investments. The volume is much higher than the rest of the 3 business models, but the profit margin is 0.1%. The innovations usually come out of customer-related payment scenarios (C2C, C2B), and typical business-related payment scenarios (B2C, B2B) are allegedly 10 years behind. There is a lot of manual work involved in KYC (Know-Your-Customer) and risk control. So a few VC-backed companies are committed to addressing the inefficiencies in B2B payments. 🔹 Over to you: Which tool(s) do you use for cross-border payments? — 👉 If you like my FinTech posts, please follow Hua Li and click the 🔔 on my profile to receive updates. #systemdesign #payments #fintech .

The Strategy Pyramid - How are purpose, strategy and execution connected… 90% of the companies fail to execute their strategy: Want to know how the remaining 10% manage to do it? I want to introduce an extremely useful concept: The Strategy Pyramid. This is the concept shared by Wendy McGuiness (2011). It summarizes the 9 key pillars of successful strategy and its execution, divided into 3 main categories: purpose, strategy and execution. A) Purpose: 1. Mission: Defines the fundamental purpose or reason for the existence of the corporation, answering questions like "Why do we exist?" and "What is our core reason for being in business?" 2. Values: Sets out the guiding principles and beliefs that shape the corporate culture and decision-making processes, reflecting the organization's ethical standards and desired behaviors. 3. Vision: Paints a clear picture of the desired future state of the company, providing direction and inspiration by answering the question "Where do we want to be in the future?" B) Strategy: 4. Strategic Intent: Outlines the overarching goals and objectives of the organization, defining the desired outcomes and the path to achieve them. 5. Drivers: Identifies the key factors or strategic priorities that will drive the company's success, such as market expansion, product innovation, cost leadership, or customer experience. 6. Enablers: Represents the resources, capabilities, and infrastructure needed to execute the strategy effectively, including technology, human capital, financial resources, etc. C) Execution: 7. Targets and Initiatives: Sets specific, measurable targets and initiatives aligned with the strategic objectives, providing actionable steps to move the organization forward. 8. Performance Indicators: Establishes metrics and key performance indicators (KPIs) to track progress toward goals and assess the effectiveness of strategic initiatives. 9. Strategy Map: Communicates the corporate strategy in a clear manner and ensures alignment across the organization. These categories provide a framework for corporate leaders to: 1) Articulate the purpose of the organization, 2) Develop a clear strategy to achieve its goals, 3) Execute it effectively Make sure you address all the points: As they are equally important. P.S. Are you paying enough attention to the strategy? 📌 Many thanks 🙏 for the content Igor Buinevici #strategy #success #entrepreneur #startup ‪#worklife #motivation #FutureofWork #Leadership #WorkLifeBalance‬

Running an e-commerce business often means spending big, but that’s a myth! 💡 Yes, it is possible to boost customer retention and revenue with minimal spend. 🛍️📈 🔍 Read the full post to unlock the secrets! 👇 #eCommerceTips #BoostSales #BusinessGrowth #CostEffective #CustomerEngagement #Profitability #MaximizeProfit #OnlineBusiness #WebsiteOptimization #Development eCommerce | Business Development | Website Design and Development | Profit Trends | eCommerce Development Experts | eCommerce Trends | eCommerce Developers

🎉 Celebrating Excellence in #WebDevelopment! At Fively, we're thrilled to share our latest award from The Manifest! Our team's commitment to pushing the boundaries of web technology has earned us a spot among the most-reviewed web developers. ✨ Expertise Recognized: Our hard work and innovative solutions in web development have been acknowledged on a prestigious platform. 🤝 Client Satisfaction: This recognition is a testament to the trust and satisfaction our clients have in our services. 🛠️ Commitment to Quality: We continue to strive for excellence, ensuring top-quality outcomes for all our projects. Want to know more about our journey and what sets us apart? Check out our full story here: ▶ https://lnkd.in/dtFHM9im Join us in celebrating this milestone. Explore the article and see how our dedication to web development excellence can help elevate your project! #SoftwareEngineering #Business #Startups #Web #Awards #TMLeader

🤔 When Does it Make Sense to Implement a PIM like Otomate? Adopting PIM software becomes crucial in several scenarios within the e-commerce niche, especially as businesses grow and their operations become more complex. Here are key situations where implementing an e-commerce PIM system is particularly beneficial: 💠 Scaling Product Offerings 💠 Adopting Multichannel Strategies 💠 International Expansion 💠 Enhancing Customer Experience 💠 Managing Seasonal and Promotional Changes ❗ In each of these scenarios, a PIM system supports the operational needs of growing e-commerce businesses and helps maintain a competitive edge by ensuring that information management is a strategic asset rather than a logistical challenge. ✴ Read more about successful PIM implementation in our fresh guide: https://lnkd.in/ea_xMDuk #ecommerce #ecommercetools #estore #marketplaces #ecommercesoftware #ecommercedevelopment #success #scaling #productmanagement #b2b

😎 Optimizing E-commerce with PIM: Enhance Your Product Catalog and Asset Management 🛍✨ In 2024, staying on top means managing your products efficiently. As your online store grows, so does the challenge of keeping your product information straight. ✴ That's where PIMs like Otomate shine: they makes sure that your product details are consistent and up-to-date, which means fewer mistakes and happier customers. In our new article, find out how to: ✔ focus on growing your business ✔ decide whether it's time to implement a PIM ✔ come up with new ideas and drive sales ✔ get maximum benefit from your PIM and CRM systems ✔ have all operational tasks done seamlessly and with no effort 📑 Are you interested? Find all the info here: https://lnkd.in/ea_xMDuk #ecommerce #pim #ecommercepim #datamanagement #otomate #b2b #ecommercedevelopment #trends #trends2024 #customers #growth #customerexperience #businessgrowth #ebusiness #onlinesales #sales