Jeeves,
the 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.
This
move signals the eradication of manual processes traditionally associated with
international money transfers from Brazil to destinations like the USA or
Europe. Previously FX contracts and invoice payment procedures lasting several
business days, Brazilian businesses can now conduct these transactions
digitally within 24 hours.
Luiz Henrique Didier Jr., CEO of Bexs, Source: LinkedIn
According to Luiz Henrique Didier Jr., 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 enables 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, 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. 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,
the 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.
This
move signals the eradication of manual processes traditionally associated with
international money transfers from Brazil to destinations like the USA or
Europe. Previously FX contracts and invoice payment procedures lasting several
business days, Brazilian businesses can now conduct these transactions
digitally within 24 hours.
Luiz Henrique Didier Jr., CEO of Bexs, Source: LinkedIn
According to Luiz Henrique Didier Jr., 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 enables 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, 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. 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.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.financemagnates.com//fintech/jeeves-and-bexs-forge-to-introduce-digital-b2b-payment-platform-in-brazil/
- :has
- :is
- 2022
- 2028
- 24
- 27
- 35%
- 8
- a
- ability
- access
- Accounting
- across
- activities
- aims
- Allowing
- allows
- Amplified
- an
- and
- annual
- api
- APIs
- approximately
- ARE
- artificial
- artificial intelligence
- AS
- associated
- attendees
- Automatic
- await
- B2B
- B2B payments
- Bank
- banner
- becomes
- benefit
- BEST
- between
- Billion
- bottlenecks
- Brazil
- Brazilian
- build
- business
- businesses
- by
- CAN
- ceo
- characteristics
- Cloud
- cloud computing
- combination
- Companies
- compelling
- competent
- computing
- Conduct
- Connect
- contracts
- countries
- Course
- cross-border
- cross-border payments
- crucial
- Customers
- cutting-edge
- Days
- Demand
- destinations
- different
- digital
- Digital Payments
- digitally
- digitization
- directly
- don
- driving
- dynamic
- e-commerce
- efficient
- enables
- enabling
- ensure
- Enterprise
- Europe
- exhibitors
- Expand
- expected
- expert
- Expert Insights
- facilitate
- facilitating
- factors
- financial
- financial services
- financial systems
- fintech
- firms
- Focus
- For
- Forces
- forge
- from
- fund
- FX
- Global
- Globally
- goods
- Growth
- Have
- he
- HOURS
- HTTPS
- huge
- immersed
- Impact
- importance
- important
- in
- Inaugural
- increasingly
- innovations
- insights
- integration
- Intelligence
- interactions
- interfaces
- International
- international business
- introduce
- invoice
- IT
- ITS
- joined
- jpg
- knowledge
- lasting
- leveraged
- like
- London
- luiz
- management
- manual
- Market
- market research
- miss
- mitigating
- moment
- money
- Money Transfers
- move
- necessitating
- networking
- networks
- New
- now
- of
- offer
- on
- Operations
- Optimize
- or
- Paramount
- particular
- partner
- payment
- payment networks
- payment providers
- payments
- platform
- Platforms
- plato
- Plato Data Intelligence
- PlatoData
- Play
- premier
- previously
- procedures
- processes
- Programming
- projected
- promising
- promoting
- propelled
- prospects
- providers
- rapid
- Rate
- reach
- register
- report
- Reported
- research
- Rise
- Role
- s
- Said
- seamless
- Sectors
- Self-service
- serve
- Services
- several
- signals
- sizes
- solution
- Solutions
- Source
- speakers
- specializing
- staggering
- surge
- SWIFT
- Systems
- Technology
- that
- The
- the world
- their
- These
- this
- to
- trade
- traditionally
- trajectory
- Transactions
- transfers
- unique
- unmatched
- unprecedented
- us
- USA
- USD
- using
- Valuation
- various
- Way..
- while
- with
- within
- world
- worldwide
- You
- zephyrnet
