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Just came across an insightful report by FXCintel on the future trends in B2B cross-border payments up to 2024. It's a comprehensive look at the evolving landscape of global payments, highlighting the growing importance of real-time transactions, digitalization, and regulatory changes. The report underscores the need for businesses to adapt and innovate in response to these trends. As we move towards a more connected global economy, the ability to make seamless, efficient cross-border payments will become increasingly crucial. If you're in the finance or payments industry, this is a must-read. #B2B #CrossBorderPayments #DigitalFinance Here's the link: https://lnkd.in/eHzQQRRt

It will be interesting to watch the potential uptake of B2B Real Time Payments in the US, particularly in the SMB space, as it's been a market that has often lagged in payment innovation. Cheques are still a common way to make payments! But sometimes when you are behind you can leapfrog to the front, as we've seen with India's use of RTP and Africa's adoption of mobile payments. It's definitely an area to watch. #b2bpayments #realtimepayments #crossborderpayments https://lnkd.in/eVM6dz3B

When working in the #fintech sector, it is not unusual to come across articles that compare #B2B payments against consumer ones, with the former often being found wanted in terms of speed and efficiency. As such, the topic of using #C2B technologies as a gateway to improving #business transactions comes up rather often. I decided to throw my own hat into this ring and share some personal insights into the subject. In a newly published opinion piece I take a look at the factors that tend to deny B2B #transactions the same agility that retail #payments enjoy. I also offer some of my thoughts on how quality of service and customer experience, rather than any special #technologies, will be the driving factor in the development of B2B solutions going forward. If this topic is of interest to you, give my article a read. You can find it here: https://lnkd.in/g-sSDdV6

Increasing demand for #digitalB2Bpayments signals a transformative shift in #businesstransactions. With advancements in technology and regulatory support, #businesses are adopting efficient and secure payment solutions. Real-time payments, cross-border trading, and strategic investments are driving growth, shaping the future of B2B payments globally. #AMR #B2BPayments #DigitalTransformation #BusinessTransactions #PaymentInnovations #RegulatorySupport #GlobalMarketTrends

Instant payments have emerged as the leading method for B2B transactions in the sector, with over 99% of manufacturers already utilizing real-time payments for their B2B transactions, surpassing other methods such as automatic clearing house (ACH) payments, wires, and checks. #payments #paymentsolutions #paymentprocessing #instantpayments #digitalpayments #b2b #b2becommerce #b2bpayments #

The B2B cross-border payments space is set to see continued consolidation this year, as well as trends around real-time payments, AI and consolidated services. What will be the biggest trends for this space this year? We spoke to several B2B payments companies in the B2B cross-border payments space to explore some of the biggest trends the industry can expect in 2024. Read Joe Baker's report here: https://lnkd.in/dg26hRYy #FXCIntelligence #Payments #Crossborder #Finance #Financialservices #B2BPayments #trends #Fintech

B2B payments are still complicated and slow and in this context, I would highlight cross-border B2B payments which are even more complex and slow This report explores the state of B2B payments and what we should expect next 👉 The State of B2B Payments 2024 Over the past 20 years, businesses across the globe have been shifting from more traditional payment channels to digital ones. According to ongoing research by the Association for Financial Professionals (AFP)1 , automated clearing house (ACH) transactions currently dominate the market, reflecting 39% of payments made to major suppliers in the United States and Canada. By contrast, paper checks only reflect 33% of the market, witnessing a 40% drop from its leading position in 2004 and a 9% drop since 2019. Other, more modern digital payment strategies— such as wire transfers, credit card transactions, and real-time payments—make up a considerably smaller portion of the market. Still, these methods have been steadily gaining ground over the past few years and better align with the goals of many businesses. In particular, organizations are looking to speed up the overall payment process; however, concerns regarding the underlying technology costs and related security challenges continue to drag on their progress. While the electronic B2B payment revolution progresses slower than previously projected, fundamental change is still coming. Paper grows obsolete every day as digitization penetrates and disrupts every industry. Given the multiple economic drags in the market, innovators will be searching ever more fervently for ways to deliver to buyers and sellers exactly what they want—faster, safer transactions. 👉 Key Insights: 🔸 Speed remains the market priority, suggesting that checks will continue to lose ground while real-time payments gain it 🔸 Regulations will only grow more layered and complicated as increasing numbers of local, regional, and national governing bodies take action 🔸 Simplified, streamlined processes and solutions that cut out waste will thrive as businesses and payment channels leverage automation and AI 🔸 Market segments to watch for growth include virtual cards, digital wallets, North America, and the Asia-Pacific region 🔸 Fraud will follow the money, shifting the focus of more criminals and ne’er-do-wells towards electronic and online B2B payment channels as they rise in prominence Subscribe for more insights https://lnkd.in/d94JgWBU Source Invoiced #fintech #b2b #payments Brice Ali Alex Grant Nafis Monica Lex Theodora Saleh

Around $125 trillion of annual money movement is the responsibility of the B2B payments landscape globally. 🌐 📈 So it’s no wonder with the availability of bank partners, financial providers & intermediaries, there can be numerous ways for corporates to strive for payment efficiencies across a variety of financial instruments at their disposal. However, whilst the choice of how to pay your suppliers may be available in abundance - each solution and provider carries their own pros & cons. That said, the one constant from a supplier perspective remains; get paid sooner, with little/no cost and with minimising any inherent risk. 🤝 The one thing an efficient B2B programme provides buyers & suppliers mutually at the same time is - speed, security & a knock on benefit to liquidity. So, whilst choices of payment strategies across the B2B landscape exist, the crucial piece lies in bespoke assessments of your very own AP/AR strategy to dictate the best suited programmes & partnerships. #TeamAmex #B2BPayments #SupplierPayments

📈 With B2B now the fastest-growing area of cross-border payments, more players are vying for a market share. Read our blog to learn about the tactics that the most successful providers have in common: https://lnkd.in/erH3FpfH #B2BPayments #Fintech #crossborderpayments