Adyen and Billie partner on B2B BNPL in Europe

fintech Adien We have partnered with B2B payments platform Billie to offer buy now, pay later (BNPL) payment services to online shops and marketplaces.

The integration will enable Adyen customers to activate Billie’s B2B BNPL solutions in Germany, Austria, Sweden and the Netherlands, with more countries to follow, the companies said in a Tuesday (February 20) press release. stated in a release.

According to the release, Adyen is partnering with Billie to help merchants and their business customers overcome common challenges in B2B commerce, including managing cash flow, eliminating payment default and fraud risks, and simplifying collections processes. The aim is to provide support.

The partnership will provide an alternative to business credit cards with real-time credit approval, fraud prevention and improved conversion rates, the release said.

According to the release, the integration of Billie’s B2B BNPL solution into the Adyen platform is designed to facilitate online payments for buyers through e-commerce and m-commerce channels. Business buyers can purchase and defer payment for up to 30 days, while sellers receive payment when the item ships.

According to the release, Adyen provides customers with access to more than 150 payment methods on a single platform for enterprise-level online payments.

Germany, Austria, Sweden and the Netherlands will be the first to begin this integration, with France, the United Kingdom and Switzerland expected to follow in the coming months, according to the release.

“Our partnership will help thousands of merchants across Europe expand their customer base and improve their B2B payments stack,” Christian Grove, co-founder and co-CEO of Billie, said in a release. “It will allow us to modernize and expand into new markets without risk.”

PYMNTS Intelligence has found that BNPL can simplify and speed up B2B payments, offering many of the same benefits to this space as it does to individual consumers.

By breaking large payments into smaller installments, BNPL can help companies overcome inventory and raw material acquisition pressures to maintain business viability and control costs, according to a PYMNTS Intelligence report. is.Will BNPL be the next driver of B2B growth?”

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