Visa & Mastercard’s Bold Moves in B2B Payments.

What we’ll cover today:

💸 Making Business Payments Simple and Fast.

💼 Fintech Transforming Cash Flow For Small Businesses.

🚀 Embedded Finance is Just Beginning.

🔗 The Event Roundup.

Making Business Payments Simple and Fast.

Visa and Mastercard rapidly expanded into B2B payments, targeting trillions in business transactions.

Key focus areas include:

• Cross-border payments

• Virtual cards

• Payment Automation

Visa’s B2B Connect network grew by 40% in participating banks, while Visa Direct transactions rose 38%, totalling nearly 10 billion.

Mastercard is boosting small business services with partnerships like CBC and Yallo, expanding SMB card usage and digital solutions.

According to Mastercard’s CEO, businesses increasingly expect office payments to be as smooth as personal ones.

Here’s the whole article

1. Fintech Transforming Cash Flow For Small Businesses.

This is a clip from Fintech Confidential. 

In this episode, Ariel Blum, CEO of Receive, discusses how fintech can transform small businesses' cash flow. Receive’s unique model provides immediate, fee-free access to earned revenue, giving small businesses the “spending power” they need without relying on costly credit.

Here’s The Clip.

2. Embedded Finance is Just Beginning.

This clip comes straight from SettleMint, a blockchain transformation company.

In this clip, Aman Narain, a startup investor and advisor, says, “Embedded finance is just beginning, like AI's rise.” and discusses the game-changing potential of bank, fintech, and SaaS collaborations.

Here’s The Whole Clip

1. Cross-Border Payment Efficiency Boosted by Nium and Kinexys Collaboration in APAC.

Nium, a leading global provider of real-time cross-border payment solutions, has expanded its collaboration with Kinexys by J.P. Morgan, previously known as Onyx by J.P. Morgan, to improve cross-border payment accuracy in Malaysia, Thailand, and Hong Kong.

2. Fintech Firm Secures Funding to Fuel Asian Exports by SMEs.

MODIFI, a B2B Buy Now, Pay Later (BNPL) solutions provider, has secured $15 million in funding from SMBC Asia Rising Fund. 

The investment will fuel MODIFI's expansion in Asian markets, empowering SMEs to navigate cross-border trade seamlessly. 

The partnership also includes a Memorandum of Understanding (MoU) to develop digital solutions that streamline cross-border financing for SMEs.

3. Visa Invests in Four African FinTech Startups From Accelerator Program.

Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program.

In doing so, the payments giant aims to foster the development of FinTechs in Africa while supporting more financial inclusion and access.