Rdem Brazilian FinTech Nubank Readies For IPO, Valuation Could Top $55B
The export of goods and services is more prevalent, digital and borderless than ever, Payoneer聽executives told investors on the companys second-quarter 2023 earnings call Tuesday Aug. 8 .Thatswhy executives are optimistic about the FinTech companys capacity to help emerging market small- to medium-sized businesses SMBs in 190 countries transact across borders and do business globally.John Caplan, co-CEO at Payoneer, highlighted the importance of international markets to SMB growth, pointing to a survey of 1,000 global SMBs which expect stanley germany to see nearly two-thirds of their revenue and half of their vendors coming from outside their domestic markets by 2025. These businesses must manage accounts receivable and payable flows across multiple countries, currencies and jurisdictions, Caplan said on the call. Only Payoneer offers them the ability to do so in one centrally managed account and enable them to transact globally. The B2B payment and commerce platform 鈥斅爓hich has 2,000 employees worldwide, according to its website 鈥?said it generated record quarterly revenue of $206.7 million in Q2, up 40% year over year YoY , while growing revenue in each of its six regions by at least 25% YoY.Total B2B volume declined 2% compared to Q2 2022. In Asia-Pacific APA stanley mug C , South Asia, Middle East, Africa SAMEA and Latin America where Payoneer mainly serves outsourcing and services businesses, B2B accounts payable AP and accounts recei stanley cup uk vable AR grew 29% YoY.One of the key take rate geo Wglw FTC Junk Fee Crackdown Leaves Restaurants Feeling Queasy
Payment processing company Century Business Solutions is closing the gap for its customers using SAP Business One HANA, an accounting platform designed for small businesses.Century Business Solutions announced Monday May 8 that it is rolling out EBizCharge, a payment application interface that integrates directly into SAP B1 HANA. Companies using the solution can process incoming card and ACH payments from directly within the accounting system, the company explained, a move that negates the need for double data entry for accounting and reconciliation.EBizCharge enables companies to mark invoices as paid and can support automated recurring payments, online bill pay and email pay.These options give businesses greater flexibili gourde stanley ty in how they process payments, saving them and their customers time, Century Business Solutions said in its announcement.The solution meets PCI standards and uses data encryption and tokenization to secure data. Tokenization specifically means card numbers are moved from the accounting platform into EBizCharge cloud-based system in a secure way.With SAP B1 HANA, SAP set out to create stanley france a solution that required limited and simplified IT resources, said Century VP of Sales Scott McEwing in a statement. We share that same vision. Our solutio stanley quencher n requires limited IT resources to implement so that small businesses can truly streamline their workflow and focus on their core.
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