Trade Financing

This is your access point to our coverage of Trade Financing. Here we provide practitioners with a unique analytic perspective, as well as the technology and innovation in its adoption. Launched in January of 2014 to discuss the issues around trade credit and trade finance management, Trade Financing Matters offered coverage on a variety of topics that impact how companies finance their procurement and sales, from technology to regulation to zero based investing environments.

 

B2B payments: Are digital wallets for business here to stay?

Digital wallets have been popular in the consumer world for some time, enabling shopping online (e.g., PayPal), instant money transfer (e.g., Venmo) and payment at retail (e.g., Apple Pay). The aim is to store your credit and debit card numbers in the cloud and access them from your phone or laptop.

Over the last year, there has been a huge investment by the payments community to create digital wallets for business customers. PayPal, of course, has been in this space for some time. But emerging B2B payment companies see wallets as a revenue opportunity. When money goes into a wallet, there may be additional foreign exchange (FX) conversions and transfers to customer-owned bank accounts.