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Embedded B2B Payments: Why Businesses Are Snubbing Banks And Turning to Companies Like Yours | Berkeley Payment Solutions
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Imagine making an international business transfer with a tap of your smartphone or, even better, receiving $10,000 from your customer by simply scanning a QR code. It may sound fanciful, but a new wave of embedded B2B payments is set to make this a reality for businesses in the United States and Canada. Suppose you’re a business owner or decision-maker. In that case, you may have a few doubts about embedded finance, including:Knowing what embedded B2B payments are but not how they workHow such payment solutions can benefit your businessHow to go about integrating them into your company workflowsAnswering these concerns, however, looks essential if you wish to capitalize on new B2B payment opportunities.The US embedded finance industry is expanding rapidly, to the point where B2B payments are predicted to hit $2.6 trillion in the USA by 2026 -- 252% of its figure three years ago.The rise of embedded B2B payments in the United StatesSource: Bain & CompanyIn B2B (business-to-b...
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