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A Global Approach To Local B2B Payments Digitization

“Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas” reports pymnts.com. But, it is difficult to assess overall trends in the digitization of B2B payments across the globe, however, because Capgemini and BNP Paribas found broad discrepancies across geographic markets.But, despite the increased use of digital payments, cash remains king, especially for low-value transactions.Industry participants can prepare for uncertainties as the payments ecosystem develops by working with banks and partners with the appropriate expertise.” While each region may have its own factors driving adoption of digital B2B payments, Capgemini and BNP Paribas did find commonalities in the factors preventing adoption.
 
Source: pymnts.com



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