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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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Government Procurement Lacks Agility, Transparency, Survey Finds

PYMNTS

Government procurement is struggling to streamline and automate many tasks, forcing some executives to feel overworked, new research finds. But for others, simply digitizing the procurement process in the first place remains a challenge. That Procurement Performance Index dropped from 76.4 in 2016 to 72.6

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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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How Government Procurement Can Foster Private Sector Cybersecurity

PYMNTS

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. government is already taking on the cybersecurity front. government business.”

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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

Earlier this month reports in NPR said only a few weeks before the government was slated to announce the winner of a 10-year, $10 billion cloud computing Project under Project Joint Enterprise Defense Infrastructure (Project JEDI), newly-appointed Defense Secretary Mark Esper decided to halt and review the process.

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B2B eCommerce Startup Mbiz Secures Series A

PYMNTS

Mbiz provides a digital procurement platform for B2B and B2G transactions. Indonesia’s eCommerce market overall is a growing one, with Alibaba’s Jack Ma recently asked to help the local government guide the development of the industry there. The company offers a digital catalogue and targets blue-chip companies, according to reports.

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