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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains. Limited connections between FIs can cause delays and higher costs as well.

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Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

“Through BayanPay, Finablr will support the Kingdom’s strategic objectives of becoming a cashless society, one of the goals of the Financial Sector Development Program under Saudi Vision 2030. The business product is a digital payments gateway and services aggregator for B2B, B2C and B2G businesses in Saudi Arabia.

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Corporates Step Up To Welcome AI, Blockchain

PYMNTS

The World Trade Organization’s latest analysis on the technology found blockchain could add $3 trillion to the world’s global trade markets by 2030. ” B2B payments is another area of corporate finance that some analysts expect blockchain to disrupt in a major way. ”

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Indeed, B2B cross-border payments , traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” said the authors in their post. These shortcomings make the cross-border payment industry ripe for disruption and innovation.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. This is your chance to learn how instant, 24/7/365 access to B2B payments can give your business an advantage and boost your financial expertise.

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Ethical Concerns in Using Tax Planning Software

CTP

And according to the same research firm, the use of AI in the accounting and tax industry will likely grow more than 50 percent by the year 2030. 1] “The Global Artificial Intelligence in Accounting Market size accounted for USD 1,511 million in 2021 and is estimated to reach USD 53,893 million by 2030.” 5] Welch v.

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Xero Highlights South Africa’s Late Payments Surge

PYMNTS

New analysis from small business (SMB) accounting platform Xero is calling attention to the late B2B payments epidemic in South Africa. Reports pointed to South Africa’s National Development Plan, which aims to have SMBs generate 90 percent of its goal of 11 million new jobs in the country by 2030. million SMBs are facing.