- B2B Payment
- Customs & Incoterms
- Export & Import
The past decade has seen a slow but steady shift in the B2B payment landscape. The various entities are leaning towards digitising the entire landscape, ensuring it becomes cashless, contactless, and convenient. In the year 2020, the B2B market size was value at $6.69 trillion in digital transactions which are meant to touch around $20.9 trillion by 2027 . How can companies steer the B2B payments landscape? The majority of the online payment solutions are built keeping B2C use cases at the f
Payment gateways play a crucial role in online transactions, by authorising and enabling the transfer of money between the buyer and retailer. An online retailer, be it local or international that accepts payments via the internet needs a payment gateway. For cross-border buying, international payment gateways [https://tazapay.com/] such as PayPal and Stripe are quite popular. Since more and more consumers have their purchase preferences online and rely heavily on e-commerce purchases, merchant
The past ten years have seen a gradual shift in the B2B payments sector – there has been a steady need to digitise this sphere, making it contactless and cashless. The year 2020 valued the B2B market size at $6.69 trillion in digital transactions and this was further expected to reach $20.9 trillion by 2027. [https://www.globenewswire.com/fr/news-release/2020/09/24/2098493/28124/en/Global-20-9-Trillion-Business-To-Business-B2B-E-Commerce-Markets-Size-Share-Trends-Analysis-Forecasts-2016-2019-202
Customs & Incoterms
The proliferation of the Internet, e-commerce, and opening up of international trade norms across the world have made it easier for buyers and sellers, importers and exporters across the world to conduct trade and business deals. The varying import and export norms and practices in different countries, however, present the risk of misunderstandings and disputes. To resolve these and to facilitate global trade the International Chamber of Commerce (ICC) has established the Intercoms (Internationa
Every day, millions of tons of cargo are shipped to destinations within a country or overseas. Hence, rules and regulations regarding incoterms have been enacted to manage this national and international trade. There are 11 incoterms, and these list out the responsibilities of both buyers and sellers. Delivery Duty Paid (DPP) is one of these 11 incoterms and defines the responsibility of sellers. Courtesy of seller.alibaba.comObligations of the sellers DPP is a delivery agreement between the bu
The EX Work Incoterm is commonly known as EXW Incoterm, often heard during the trade sector, especially for importing and exporting goods. When you opt for an EXW incoterm, the seller is only responsible for delivering goods to the designated location. Everything after that, including the shipping cost, is covered by the buyer. Therefore, this arrangement is more suitable for sellers as it has limited obligations for them. Under this incoterm, once the merchandise is packed, the full responsibi
Export & Import
So, you have decided to import goods to Singapore – one of the largest trading hubs in not only South East Asia but the entire world. For decades, Singapore has ranked consistently amongst the world’s best countries in terms of ease of doing business. This has been fuelled by its remarkable connectivity and logistics infrastructure, appetite for innovation, skilled labor, and hassle-free regulations. But before you begin with your venture, it is important to be aware of all the prerequisites of
Alibaba is China's largest e-commerce company and one of the world's largest B2B e-commerce spaces. This means that millions of small, medium, and large businesses and enterprises use Alibaba.com to buy and sell products. If you are a business looking to source high-quality products at competitive rates or are a vendor looking to expand your marketplace and looking to sell your products overseas, chances are you may have enlisted on Alibaba. The large multitude of sellers, exporters, and vendors
The most important consideration to be kept in mind while transporting perishable goods, such as fruits, vegetables, dairy items, raw meats, and poultry is guaranteeing their freshness. Their transportation needs to be handled under the right temperature conditions because of their short shelf-life & special storage conditions to ensure they stay fresh. Certain protocols and rules need to be considered while transporting these items to prevent a loss to either of the parties involved. Right fro
Incoterms, simply meaning INternational COmmercial TERMS, is a phrase first coined by the International Chamber of Commerce in 1936.
International trade comes with lots of risks, documents and terms. Learn everything about Export and Import in this simple guide.