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Benefits of Going Digital with B2B Payment Process

The aftermath of COVID has not spared anyone ranging from SME businesses to large established enterprises, thereby accelerating the need to move to digital payments with an unprecedented sense of urgency across the B2B payment landscape. Business as usual had a new meaning and organizations shifted to a remote style of working. Legacy payments that were on-premise got stranded and paper checks were getting piled up across the globe in office mailboxes. The timing was not in favour of the slowd

Benefits of Going Digital with B2B Payment Process

The aftermath of COVID has not spared anyone ranging from SME businesses to large established enterprises, thereby accelerating the need to move to digital payments with an unprecedented sense of urgency across the B2B payment landscape. Business as usual had a new meaning and organizations shifted to a remote style of working. Legacy payments that were on-premise got stranded and paper checks were getting piled up across the globe in office mailboxes. The timing was not in favour of the slowd

Nov 23, 2021

3 min of read

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Articles

Benefits of Going Digital with B2B Payment Process

The aftermath of COVID has not spared anyone ranging from SME businesses to large established enterprises, thereby accelerating the need to move to digital payments with an unprecedented sense of urgency across the B2B payment landscape. Business as usual had a new meaning and organizations shifted to a remote style of working. Legacy payments that were on-premise got stranded and paper checks were getting piled up across the globe in office mailboxes. The timing was not in favour of the slowd

Nov 23, 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

Frequently 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

Trends Reshaping Cross-Border Payments

The onset of international payments has been a constant in the financial sector, aiding commerce and trade. Whether it’s sending money back home or international business contracts, today’s bustling global commerce can be correlated to the growing volume of international payments. According to research done by EY, by 2022, the cross-border payment flow globally is set to touch US$ 156 trillion. Though it is a significantly growing and valued sector, it is characterised by multiple pain points s

Nov 23, 2021

5 min of read

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

Export & Import

Import Shipment Procedure in the Philippines: A Guide

An archipelago comprising 7,641 islands, the Philippines shares its sea borders with Indonesia, China, Japan, Taiwan, Palau, Malaysia, and Vietnam. Philippines’ top trade destinations include Singapore, Japan, China, Korea, and the United States. Here are the best import shipment procedures and practices to follow in the Philippines. Importer Registration In order to list yourself as an importer, first and foremost, the business requires an Import Clearance Certificate which is issued by the Bu

Nov 23, 2021

3 min of read

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