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Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA). BayanPay will offer digital wallets, eCommerce and SMB payments gateway solutions in Saudi Arabia.

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Bureaucratic Fuel Is Pushing B2B Payments Toward Digital

PYMNTS

Spanish authorities recently launched an online platform that government contractors can use to submit electronic invoices. Other European countries — for instance, Italy and Germany — have taken similar steps, and the European Union is backing that push toward more digitization for B2G and B2B invoicing and transactions.

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Dutch Government eyes mandatory B2G e-invoicing in 2016

The Paypers

(The Paypers) Based on the EU directive 2014/55/EU, all public contracting authorities and the suppliers have to be able to receive e-invoices as from 2018.

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The Public Perception Challenge Of Public Procurement

PYMNTS

County Metropolitan Transportation Authority (L.A. According to Walicki, there are other hurdles for B2G vendors looking to win contracts — especially smaller suppliers looking to step into the public sector for the first time. Last week, reports in the New York Times highlighted one case in Los Angeles, where the Los Angeles.

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B2B eCommerce Startup Mbiz Secures Series A

PYMNTS

Mbiz provides a digital procurement platform for B2B and B2G transactions. But FinTechs are facing new regulations in the country after the Indonesian Financial Services Authority introduced new rules this year that introduce a minimum threshold of about $75,000.

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Government Procurement Lacks Agility, Transparency, Survey Finds

PYMNTS

In a survey released last month from business-to-government (B2G) technology company Onvia , nearly 40 percent of buyers in the public sector say they feel overworked, with many reporting that it’s a struggle to find the time needed to research and author bids and requests for proposal. in 2016 to 72.6

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Here’s What’s Up In Corporate Spend

PYMNTS

The report’s co-author, Buffi Neal, said software waste occurs across all industries. 252 million eInvoices were sent across the EU in 2015 , most of which were B2B or B2G, according to new data from the European E-invoicing Service Providers Association. The most commonly downloaded-but-never-used application?

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