FTP Report: B2B Payments: A Major Fintech Opportunity to Solve Paper-based Payments and Processes

May 27, 2022 Enterprise, Entrepreneurs, Start-ups, Small Businesses, Fintech International, Innovation and Resources, Payments, Transfers, Rewards, Research, Venture Funding and Building, Voices No comments

Financial Technology Partners | May 27, 2022

FTP B2B payments report 2022 - FTP Report: B2B Payments: A Major Fintech Opportunity to Solve Paper-based Payments and Processes

The business-to-business (B2B) market remains one of the last major global opportunities for payment digitization. Not only is the market still plagued by widespread manual processes and inefficient payment methods, but it is also a massive market estimated at nearly $29 trillion in the U.S. alone. Today, checks still shockingly account for nearly 50% of B2B payments.

See: Mastercard launches biometric checkout program as contactless, secure payments grow

Moreover, manually intensive payment methods are more likely to lead to high error and failure rates, making companies vulnerable to security risks and increasing costs. Consequently, the rush is on to bring more efficient, digital payment solutions to businesses, both large and small.

B2B payment company profiles - FTP Report: B2B Payments: A Major Fintech Opportunity to Solve Paper-based Payments and Processes

Key discussion topics of the report include:

An extensive primer on the workflows and processes behind B2B payments, and the accelerating trend of digitization and automation across the value chain
A detailed landscape including hundreds of companies in the space
Exclusive interviews with over 25 executives from leading B2B payments companies
Profiles of over 50 highly relevant companies in the space

Continue to the full article --> here

Download the 387 page PDF report --> here

NCFA Jan 2018 resize - FTP Report: B2B Payments: A Major Fintech Opportunity to Solve Paper-based Payments and Processes The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org