FINTECH

Payer Dispatches Beta Test Program With A Few B2B Shippers

SHIVAJI DOUND | November 09, 2020

Payer Dispatches Beta Test Program With A Few B2B Shippers
Payer Financial Services (Payer) has built up another enlistment item that reforms how client connections are made between organizations on the web. The item empowers online business shippers to check new clients as reliable so they can make their buys easily. Today, Payer dispatches a beta test program with a few B2B shippers.

The Swedish B2B installments startup Payer is known for its particular B2B installments stage. The new item, yet to be named, was created to meet market desires for better purchasing encounters in the B2B web based business section.

"B2B expectations for a better buying experience online is clearly driven by modern consumer-facing apps and software that are light-years ahead. Payer is determined to lead the development of the end-to-end payment chain for B2B. Our new product solves the conversion and onboarding of new customers for merchants, as well as recognizes recurring customers at checkout," says Peder Berge, founder and CEO of Payer.

Digitization - solving a manual process

Today, an estimated 90% of global B2B purchases are made with a backbone of invoice payments. The payment method works particularly well for companies, as information related to accounting and taxes follows with each invoice.

"Invoicing is clearly the preferred method of payment across the globe. But it's still not fully digital and user-friendly. Most of the manual processes both on the customer and merchant end of a purchase should be effectively removed. This product does exactly what both target groups are looking for," says Johanna Stridsberg, product owner at Payer.

Beta testing begins for the Swedish market

As one of the most progressive e-commerce and fintech markets in the world, Sweden is a great test market for the beta phase. Local incumbents and international e-commerce merchants, with Sweden as a target market, are now welcomed to participate as beta testers.

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