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While the business-to-consumer (B2C) eCommerce boom has arguably already occurred, the global pandemic is introducing a second wave of digital commerce adoption. But this isn't a trend reserved for the B2C space anymore. But this isn't a trend reserved for the B2C space anymore. Tailoring For Unique Needs.
Researchers forecast mobile payments to account for $1 trillion in transactions next year. The company offers both B2C and B2B solutions but has recently fixed its eye on the corporate payments space. And while that trend is universal, the Asia-Pacific region is a particular hotbed for mobile FinTech.
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.
B2B payments has a reputation for being slower than B2C transactions to innovate, but that’s not without reason. All of this also means buyers and suppliers alike struggle to gain real-time insight into financial positions and accurate forecasting. This is really going to be powerful.”.
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