Jeeves,
an expense management and cross-border payments platform, has joined forces
with Bexs, a bank specializing in FX and digital payments, to introduce
Brazil’s inaugural digital self-service cross-border Business-to-Business (B2B)
payment platform.
With this new platform, Brazilian businesses are poised to experience a paradigm shift in how they engage with international markets, like the USA or
Europe. The platform promises to transform the days-long FX contracts and invoice payment procedures into swift digital transactions, completed within 24 hours.
Luiz Henrique Didier Jr., CEO of Bexs, Source: LinkedIn
According to Luiz Henrique Didier Jr., the CEO of Bexs,
the bank aims to expand and facilitate access for Brazilian companies to global
goods and services. “Jeeves is a global fintech and an important partner for
this new moment in the world of payments.”
“We are using technology to offer the best to
Brazilian companies, with digital solutions that ensure seamless transactions
and optimize processes, while mitigating the bottlenecks that can impact the
course of their activities,” he said.
The
platform’s integration with Bexs’ FX-as-a-Service solution has enabled digital
international transactions. As global interconnectivity becomes crucial,
businesses of different sizes can benefit from swift international transactions
across various sectors.
“Brazil is a huge and promising market, and it is
important for us to have a partner with knowledge of its unique
characteristics,” said Dileep Thazhmon, the CEO of Jeeves.
B2B
Cross-Border Payments Surge
Businesses
are increasingly immersed in cross-border trade, necessitating efficient
and rapid cross-border payment solutions, Finance Magnates reported. The rise
of international business prospects has intensified the demand for seamless
transactions, with a particular focus on Business-to-Business (B2B)
cross-border payments.
As
companies expand operations globally, the ability to facilitate international
payments becomes paramount. The B2B
cross-border payments facilitate fund transfers between businesses across
different countries, promoting efficient business transactions. This importance
is amplified by the growth of e-commerce and digital trade, allowing businesses
to serve customers worldwide.
According
to a report by Zion Market Research, the global B2B payments platform market is
on a dynamic trajectory, with a projected annual growth rate of approximately
8.35% from 2022 to 2028. The market valuation is expected to reach a staggering
USD 1564 billion by 2028, propelled by a combination of compelling factors
driving unprecedented growth.
The
digitization of financial services has paved the way for fintech solutions in
B2B payments. Blockchain,
artificial intelligence, and cloud computing are leveraged by fintech firms to
build competent cross-border payment networks.
Application
Programming Interfaces (APIs) play a role in enabling interactions between
financial systems and platforms. API integration allows businesses to connect
accounting and enterprise systems directly to payment providers, facilitating automatic
cross-border payments.
Jeeves,
an expense management and cross-border payments platform, has joined forces
with Bexs, a bank specializing in FX and digital payments, to introduce
Brazil’s inaugural digital self-service cross-border Business-to-Business (B2B)
payment platform.
With this new platform, Brazilian businesses are poised to experience a paradigm shift in how they engage with international markets, like the USA or
Europe. The platform promises to transform the days-long FX contracts and invoice payment procedures into swift digital transactions, completed within 24 hours.
Luiz Henrique Didier Jr., CEO of Bexs, Source: LinkedIn
According to Luiz Henrique Didier Jr., the CEO of Bexs,
the bank aims to expand and facilitate access for Brazilian companies to global
goods and services. “Jeeves is a global fintech and an important partner for
this new moment in the world of payments.”
“We are using technology to offer the best to
Brazilian companies, with digital solutions that ensure seamless transactions
and optimize processes, while mitigating the bottlenecks that can impact the
course of their activities,” he said.
The
platform’s integration with Bexs’ FX-as-a-Service solution has enabled digital
international transactions. As global interconnectivity becomes crucial,
businesses of different sizes can benefit from swift international transactions
across various sectors.
“Brazil is a huge and promising market, and it is
important for us to have a partner with knowledge of its unique
characteristics,” said Dileep Thazhmon, the CEO of Jeeves.
B2B
Cross-Border Payments Surge
Businesses
are increasingly immersed in cross-border trade, necessitating efficient
and rapid cross-border payment solutions, Finance Magnates reported. The rise
of international business prospects has intensified the demand for seamless
transactions, with a particular focus on Business-to-Business (B2B)
cross-border payments.
As
companies expand operations globally, the ability to facilitate international
payments becomes paramount. The B2B
cross-border payments facilitate fund transfers between businesses across
different countries, promoting efficient business transactions. This importance
is amplified by the growth of e-commerce and digital trade, allowing businesses
to serve customers worldwide.
According
to a report by Zion Market Research, the global B2B payments platform market is
on a dynamic trajectory, with a projected annual growth rate of approximately
8.35% from 2022 to 2028. The market valuation is expected to reach a staggering
USD 1564 billion by 2028, propelled by a combination of compelling factors
driving unprecedented growth.
The
digitization of financial services has paved the way for fintech solutions in
B2B payments. Blockchain,
artificial intelligence, and cloud computing are leveraged by fintech firms to
build competent cross-border payment networks.
Application
Programming Interfaces (APIs) play a role in enabling interactions between
financial systems and platforms. API integration allows businesses to connect
accounting and enterprise systems directly to payment providers, facilitating automatic
cross-border payments.
