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“Three quarters of all B2B transactions still happen through paper or PDF,” notes Galarza, and require the need for both an accounts receivable and an accountspayable department. Meanwhile, in a B2C transaction, “the consumer can simply pull up their credit card to pay for goods and services.”. Australia … the U.K.,
As B2B eCommerce grows in popularity among merchants ( BigCommerce data released earlier this month found that 80 percent of merchants accept B2B orders online), companies are less able to ignore their struggle to manage multiple payment rails and payment processors.
As instant payment schemes continue to roll out across the world, this not only impacts B2C companies, but also has a knock-on effect on the full value chain of globally connected corporates,” said Deutsche Bank Head of Cash Products, Global Transaction Banking Shahrokh Moinian in a statement announcing the report.
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