B2B payments are still under-performing

 B2B payments lag significantly behind B2C payments in speed, cost, and convenience, especially in cross-border transactions. While B2C payments leverage technologies like credit cards, payment links, and instant systems for fast, low-cost processing, B2B payments often depend on slow, costly methods such as wire transfers, checks, and ACH payments. Cross-border payments exacerbate the issue with currency conversions, high intermediary bank fees, and lengthy settlement times, often taking several days or weeks without much visibility in the exact status: this is what we call the Trade Payment Gap (time, cost, visibility)

Limitation of current set-ups 

The gap between traditional and modern B2B payments stems from key limitations of traditional methods. These rely on intermediary banks and manual processing, causing 3–7 days or more for settlement. Delays are exacerbated by Know Your Business (KYB) checks, which regulators hold payment providers accountable for. Banks struggle to manage KYB efficiently due to fragmented data, manual verifications, and lack of automation, further slowing transactions. High FX conversion fees, intermediary charges, and opaque pricing models inflate costs. Additionally, traditional systems suffer from limited transparency and outdated infrastructure, while modern solutions automate compliance and processes for faster, lower-cost payments.