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And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. An Alternative To Banks.
Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.
Those drivers may support the rise in consumer mobile payments, but economic factors in the Asia-Pacific region have also opened doors for B2B mobile payments to gain traction, too. The company offers both B2C and B2B solutions but has recently fixed its eye on the corporate payments space.
You know, we look at these economic busts or these market crashes, and it’s obvious in hindsight what spectacular opportunities there they were. And they’re trying to combine all those experiences and give you ultimately a, a cashmanagement tool someday. And I think eventually they’ll be a B2C company.
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