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Bureaucratic Fuel Is Pushing B2B Payments Toward Digital

PYMNTS

The country is the latest nation to help push B2B payments into the digital age. 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. B2B Impact. From a U.S. s Digital Push.

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TIE Kinetix Launches B2G eInvoicing Feature

PYMNTS

B2B eCommerce solutions provider TIE Kinetix is strengthening its position in the world of business-to-government procurement. The company announced late last week that it is launching a B2G eInvoicing solution in its Exact product, enabling government suppliers to send digital invoices to national and local government institutions.

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How Governments Navigate ACH Payments Innovation

PYMNTS

Yet ACH volume is on the rise, and that includes in the B2B payments context. percent year-over-year increase in ACH transaction volume for the first quarter of 2020, with B2B payments adoption accelerating even faster, posting an 11.7 The key is the remittance information that needs to be associated with B2B payments.”

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B2B eCommerce Startup Mbiz Secures Series A

PYMNTS

B2B eCommerce platform Mbiz has raised Series A financing, reports Monday (March 27) said. Mbiz provides a digital procurement platform for B2B and B2G transactions. Mbiz, based in Indonesia, launched about a year ago and recently raised new financing. Tokyo Century Corporation led the funding, reports added.

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Pix Goes Global: PagBrasil Enables Pix Payments for Tourists and Businesses

The Fintech Times

It’s worth highlighting that Pix also supports B2B (business-to-business), P2G (person-to-government), and B2G (business-to-government) transactions. This widespread accessibility and integration have made Pix a highly popular payment method throughout Brazil.

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RAKBANK Partners With Mastercard For Commercial Card Solutions

PYMNTS

The inventory of solutions includes corporate travel and entertainment cards in addition to a B2B virtual card that enables corporates to manage accounts payable with more control. The RAKBANK Corporate Purchase Mastercard Card offers a “secure and simple way of making high-value enterprise-level B2B, B2G and cross-border payments.”

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The Public Perception Challenge Of Public Procurement

PYMNTS

Those objectives are rarely, if ever, seen in private B2B procurement. 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.

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