Cannabis shows early signs of late payments, Citi discusses the construct of cross-border B2B payments, and China chooses WeBank for blockchain network
| | | | BUSINESS-TO-BUSINESS EDITION | | Cannabis Shows Early Signs Of Late Supplier Payments Struggle Cash and paper is sometimes the only option for legal marijuana businesses, but as other industries struggling with digitization can attest to, manual tools create supply chain inefficiencies and cash flow bottlenecks. Leaf Trade Chief Revenue Officer Michael Piermont spoke with PYMNTS about how the cannabis industry is already showing signs of a late supplier payments struggle, and how an emphasis on compliant technology can nip that pain point in the bud. |
| SMBs Remain A Hot Spot For Open Banking Business Models New research from Intuit QuickBooks finds small businesses are largely unaware of open banking. Yet the initiative continues to foster an evolution of collaboration and data integration between banks and FinTechs looking to improve the experience of the business user. The U.K., as the latest collaborative efforts show, isn't the only market embracing the business model. |
| | B2B Payments | | The Architecture Of A Cross-Border B2B Payment Businesses receiving B2B payments from buyers across borders have traditionally faced no shortage of challenges. But, Citiâs Global Head of Payments and Receivables Manish Kohli tells Karen Webster that viewing a cross-border transaction as two domestic payments with foreign exchange (FX) in between â and exploring solutions from the supplierâs point of view â can raise the bar for smoother B2B payments flows around the world. |
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