Alibaba.comAmerican professional users can now select BalanceB2B Buy now, pay later (BNPL) as payment method at the checkout.
With this option, eligible users of the B2B electronic commerce platform for world trade can earn a larger purchasing power and more control over how they pay by funding purchases, companies said in a Friday, June 27) press release.
“By incorporating a balance directly into our payment, we facilitate the purchase of customers, without being limited by cash flow constraints”, ” Yiran LiResponsible for the customer retention strategy at Alibaba.com US, said in the press release.
The integrated balance of Balance financing solution is fueled by the structure of the risk of artificial intelligence of the company, which offers real -time credit risk management and higher approval rates for small to medium -sized businesses (SMEs) which are often overlooked by traditional lenders, according to the press release.
“Under close economic conditions, and in particular with the additional pressure of prices, access to financing can make the difference between survive and prosper,” said the CEO and the Balance Co -founder Rod said in the press release. “We are proud to associate with Alibaba.com and Food a solution that helps its American users develop their business with confidence. »»
B2B BNPL Offers companies a much easier method to make purchases than the acquisition of commercial loans from traditional lenders, according to the Pymnts Intelligence and Division collaboration, “Is BNPL the next B2B growth driver?“”
The report revealed that dividing significant payments in smaller payments, B2B BNPL can help companies navigate in the pressures of the acquisition of inventory and raw materials has Manage costs, improve cash flow And Stimulate their competitive position on the market.
In addition, by applying the same principles to the business sector that made it so popular for consumer transactions, BNPL could help level the rules of the game regarding B2B payments, according to the report.
In another recent decision, balance said In May, he added a new real -time payments tool called instant banking connection, Designed to simplify the ACH configuration for buyers and speed payments to merchants.
In January, Balance unveiled a series of products that extend B2B transaction Life cycle, from orders to set up payment payment. These tools fueled by artificial intelligence include the net Evaluation of terms and financing, optimization of payment costs And Automation of debtor accounts.
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