Alain Raes, SWIFT, explained the key drivers and trends that could lead to the future of 21st century B2B payments in Europe
Ever since the creation of the internet, we have come to expect ‘always on, always available’ communications across every aspect of our lives. As the payments industry evolved from paper-based to digital, these growing expectations have proven to be challenging. In B2B cross-border transactions, for example, supply chains frequently move faster than the underlying payments, leading to inefficiencies and loss of value.
Today, a generational shift is underway in payments industry infrastructure and technology that promises to deliver 21st century speed, transparency, and efficiency to B2B payments. Within this article, we highlight key drivers and trends.