2 years, 10 months ago

Helping businesses thrive: payment trends that will transform 2022 and beyond

Cashflows is a Business Reporter client Covid-19 reshaped the way consumers and businesses approach payments, and fintech innovation is at the forefront of these developments. As the fintech landscape continues to evolve, here are my top six predictions that will shape payments in 2022 and beyond: Open Banking paving the way for underserved businesses Open Banking is increasing the services available to businesses who have historically struggled to compete with big-name brands. B2B BNPL will allow businesses to purchase the goods and services needed to grow their business, while the BNPL provider pays the seller in full, assuming their customer’s default risk. In simple terms, B2B marketplaces offer SMEs in particular the advantage of a wider consumer pool and the ability to offer online services without needing to create an e-commerce site.

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