Harnessing the challenge of global B2B payments.
In today’s financial environment payments take various forms to facilitate the transfer of money, and business-to-business payments play an essential role in this ecosystem. According to a new study from Juniper Research, the global transaction value of the Business-to-Business (B2B) payments market will rise in excess of $111 trillion in 2027. This represents a 26% growth from $88 trillion in 2022.
The major factors responsible for the growth of the global B2B Payments market are global trade and increase in cross-border transactions, rapid digitalisation and automation in the B2B payment system, advancements in transparency across B2B Payments, and the growing partnerships among B2B payment players & FinTech giants.
Organisations across the world increasingly expect global access to finance in real-time. They also expect finance to be consistently available in a way that works for them in any country and currency, without the process being held up by the historical constraints of national boundaries.
The global nature of payments and technological capability will continue to develop to address the need for optionality, transparency and speed. Businesses across sectors are moving over to these new and evolving payment solutions as they look to enhance the services they offer their customers.
We have the pleasure of announcing that Andaria will be one of the proud sponsors of ePay Europe in London 2023. Andaria is a fintech and a licenced e-money institution (EMI) in both the UK and Malta. Through their global multicurrency business accounts and upcoming embedded finance solutions, Andaria is on a mission to make digital financial services more accessible, simple and transparent for all businesses.
We look forward to the valuable contribution they will make on this subject, something our delegates will not want to miss.
For more information about Andaria: https://www.andaria.com/