There Will Not Be a Dominant Player Taking Over B2B Payments in 2023
B2B payments are facing an exciting trend in the space, as vendors continue to innovate to offer new and better solutions for this $30 trillion industry. According to PaymentsJournal, continuous improvements in B2B payments are largely driven by the complicated infrastructures necessary for international payments and a pressing need for greater flexibility.
With a company like Amex launching an innovative new solution in Amex Business Link that will help “buyers and suppliers access to [access] several payment methods in one system—including cards, Automated Clearing House (ACH), wire, and checks,” and “integrating with third-party business systems, helping to streamline the financial process,” it may be tempting to think this payments power player could corner the payments market. But according to Ralph Dangelmaier, CEO of BueSnap, 2023 projections point to another conclusion.
