article thumbnail

FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

B2C 118
article thumbnail

B2C Food Platform GrubMarket Nets $60M, Eyes IPO

PYMNTS

GrubMarket works in a B2C role in which it ships goods to individuals, and also a B2B role by supplying grocery stores, meal kit startups and other companies, TechCrunch reported. Participants included BlackRock, Reimagined Ventures, Trinity Capital Investment and numerous others, TechCrunch reported.

B2C 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Market Volatility Gives B2C Sellers’ The Chance To Go B2B

PYMNTS

B2C Sellers’ B2B Incentive. Ad-hoc procurement can be a powerful incentive to nudge traditionally B2C sellers into the B2B ecosystem, which presents the opportunity for large retailers to expand their revenue stream, Spear explained. “As you get the use case right, you can replicate that across a whole vertical.”

B2C 64
article thumbnail

PayPal: Taking On Corporates’ B2C Payment Pain Points With Digital Wallets

PYMNTS

The rise of the gig economy and new business-to-consumer (B2C) models have expanded corporates’ global disbursement needs, which come with their own unique set of challenges. ” Examples of B2C payments are vast: Magats pointed to Citi working with clients in the airline industry, which must issue baggage vouchers.

B2C 52
article thumbnail

How Disbursements Bring B2C-Like Innovation To The B2B Sphere

PYMNTS

While B2B payments innovation often takes a page or two out of the business-to-customer (B2C) payments world, the rise of the gig economy and freelance professionals have challenged the payments space to develop solutions that can appear to be a hybrid of corporate and consumer solutions. That goes for both the consumer and their workers.

B2C 51
article thumbnail

B2B Payments Forging New Paths With B2C Tools

PYMNTS

Intuit has just announced a host of partnerships that integrates financial services from B2C payments giants into the QuickBooks small business accounting platform. Part of that evolution, Pai told PYMNTS, is that traditional trend of B2B payments following B2C’s path. Canada, U.K.

B2C 77
article thumbnail

B2B eCommerce Differentiates Itself From Its B2C Cousin

PYMNTS

The importance of the customer experience in B2B eCommerce comes as no surprise, considering the role it played in driving B2C commerce companies like Amazon to the top of the global enterprise ranks. It’s also no surprise, then, that B2C giants like Amazon are looking to strengthen their position in the B2B game, acknowledging that $1.2

B2C 43