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B2B Payments

Local Payment Methods: How Voucher-Based Payment Works in a Payment Gateway

As the world makes its slow yet uncertain recovery from the pandemic, the digitisation of marketplaces is growing at a rapid pace. However, in some countries, cash remains the undisputed king. To help usher the digital era into these markets, some have developed a creative hybridised use case that allows customers to make online payments at offline counters as a nice compromise for those that remain steadfast in physical payments. Enter voucher-based payments: the bridge between the physical a

Sep 27, 2022

4 min of read

Payment Gateway Rails: How Does Cross Border Checkout from Singapore to Thailand Work?

Every day, every hour, every minute, money gets swapped around internationally across borders in the form of cross-border transactions.

Sep 14, 2022

4 min of read

Local Payment Methods: How Checkout via Bank Redirected QR Code Works

The digitisation of the world leads to more cross-border opportunities, but with this advent of abundance, each local market has developed their own payment method to capitalise on those opportunities. India has UPI, China has Alipay, Singapore has PayNow, and Malaysia has DuitNow. However, while each is unique in how they cater to their respective local markets, the payment methods utilised are fundamentally the same. One of the more prevalent of these payment methods is the QR code checkout. B

Aug 25, 2022

3 min of read

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Customs & Incoterms

Customs & Incoterms

DDP vs. DAP vs. DAT: Understanding the Difference

Incoterms basically indicate the point from where you are held responsible for taking certain risks and the costs involved. Additionally, it can also affect the incoterms you have negotiated with your supplier as well as the expertise that are needed by you to understand the definite processes involved in importing your goods. DAP - What does it stand for when it comes to shipping logistics? As far as shipping logistics are concerned, DAP is an international trade term and an acronym for Delive

Nov 23, 2021

3 min of read

Customs & Incoterms

2010 vs. 2020: What Has Changed in 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

Sep 9, 2021

2 min of read

Customs & Incoterms

Seller Obligations under DDP Incoterms

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

Aug 5, 2021

2 min of read

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Export & Import

Export & Import

Why Do B2B Businesses Need Escrow Services

The global B2B e-commerce market was valued at US$14.9 trillion [https://www.statista.com/study/44442/statista-report-b2b-e-commerce/] in 2020; this valuation is five times that of the B2C market and does not even take into account other aspects of the B2B trade. A huge chunk of B2B business is cross-border trade [https://tazapay.com/guides/international-b2b-payments-a-simple-guide/] and as a whole, this sector deals in higher transaction values of goods and services. The high amount of funds i

Dec 15, 2021

3 min of read

Export & Import

Problems Escrow Is Intended to Solve

Escrow is a legal arrangement in which a third party temporarily holds large sums of money or property until a particular condition has been met (such as the fulfillment of a purchase agreement). Agents hold the funds or assets in digital 3rd party escrow accounts until the predetermined contractual obligations are met by the two parties. As such, digital escrow is emerging as a major alternative to other forms of major B2B and B2C payments such as letters of credit, while also solving age-old

Nov 23, 2021

3 min of read

Export & Import

Most Asked Questions on Letter of Credit

In international trade and business dealings, a Letter of Credit is a trusted way of mitigating the risk for vendors. Its universal acceptance amongst business-conducting parties comes from the ease with which it established a clear intent and ability to pay. Its importance can be gauged from the fact that the global letter of credit confirmation market is projected to reach a value of $4.99 billion [about:blank] by 2027. Yet, the term can be confusing for many people, especially those who are

Nov 23, 2021

4 min of read

See all 30 Posts

Guides

International B2B Payments – A Simple Guide

B2B (business to business) payments are the transactions between two companies, rather than between a company and a direct customer.

Oct 29, 2021

24 min of read

Guides

Export & Import – A Simple Guide

When goods move from one country to another, the following considerations are to be kept in mind: Physical movement of goods, insurance of goods, legal requirements within the countries

Sep 6, 2021

20 min of read

Guides

Customs and Incoterms – A Simple Guide

Incoterms, simply meaning INternational COmmercial TERMS, is a phrase first coined by the International Chamber of Commerce in 1936. A growing increase in the number of shippers and carriers globally, each using their own shipping phrases, had resulted in a great deal of confusion.

Jul 19, 2021

12 min of read

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