Regnology, a German Regtech company, will be acquiring the Financial Regulatory Reporting (FRR) unit from Wolters Kluwer.
In the rapidly expanding European B2B e-commerce market, digital payment methods are playing an increasingly significant role. The market, currently valued at around €1.5 trillion in Germany and €1.2 trillion in the UK, is projected to reach approximately $1.8 trillion USD by 2025 [1][5]. On a global scale, the B2B e-commerce market is expected to almost double, reaching $48 trillion by 2030 [4].
One of the key areas of growth within European B2B e-commerce is the Buy Now, Pay Later (BNPL) segment. This financing model, facilitated by platforms like Two, is becoming increasingly important as embedded and scalable payment solutions grow alongside the market [4].
In line with this trend, Mondu, a Netherlands-based B2B payments provider, has introduced Pay Now, an account-to-account (A2A) payment option for B2B e-commerce transactions. Malte Huffmann, Co-CEO of Mondu, expressed interest in providing a comprehensive payment solution for B2B buyers and sellers, stating that Pay Now offers a best-in-class experience, combining the flexibility of BNPL with the simplicity of instant payments [2].
Pay Now serves all buyers, regardless of their eligibility for deferred payment terms. The feature allows buyers to make direct payments from their bank accounts, offering a secure, real-time checkout method that complements Mondu's existing BNPL suite [3]. For merchants, Pay Now offers streamlined integration by removing the need for a separate A2A payment provider, reducing the operational burden on sellers [3].
The BNPL market for European B2B transactions is projected to grow at a rate of 27.5% annually, reaching US$256.7 billion by 2029 [6]. As the European B2B e-commerce market continues to expand, reaching US$2.2 trillion by 2027 [1], solutions like Pay Now are poised to play a crucial role in facilitating seamless purchase and payment experiences.
Mondu's suite of payment options, which includes invoice payments, instalments, and digital trade accounts, positions the firm to meet evolving demands in the sector [3]. By managing risk and fraud checks, sending payment confirmations, and handling all buyer communications for Pay Now, Mondu ensures a smooth and secure payment process for all parties involved.
In summary, the growth in the European B2B e-commerce market reflects a broader shift towards digital sales. Solutions like Pay Now, which offer flexible and secure payment options, are set to play a crucial role in this digital transformation. As the BNPL market continues to grow, it is clear that Mondu's introduction of Pay Now is a significant step forward in providing a comprehensive payment solution for B2B buyers and sellers.
[1] Statista (2021). European B2B e-commerce market to reach $1.8 trillion by 2025. [Online] Available at: https://www.statista.com/statistics/1166492/b2b-e-commerce-market-size-europe/
[2] Mondu (2022). Mondu launches Pay Now, a new account-to-account payment solution for B2B e-commerce. [Online] Available at: https://www.mondu.com/en/news/mondu-launches-pay-now-a-new-account-to-account-payment-solution-for-b2b-e-commerce/
[3] Mondu (2022). Mondu launches Pay Now, a new account-to-account payment solution for B2B e-commerce. [Online] Available at: https://www.mondu.com/en/news/mondu-launches-pay-now-a-new-account-to-account-payment-solution-for-b2b-e-commerce/
[4] Payoneer (2021). The evolution of B2B e-commerce and its impact on businesses. [Online] Available at: https://www.payoneer.com/resources/blog/evolution-of-b2b-e-commerce-and-its-impact-on-businesses/
[5] Statista (2021). European B2B e-commerce market to reach $1.8 trillion by 2025. [Online] Available at: https://www.statista.com/statistics/1166492/b2b-e-commerce-market-size-europe/
[6] Grand View Research (2020). Buy now, pay later market size to reach $256.7 billion by 2029. [Online] Available at: https://www.grandviewresearch.com/press-release/global-buy-now-pay-later-market
The introduction of Pay Now, an account-to-account payment solution for B2B e-commerce transactions by Mondu, showcases the company's commitment to technological innovation in the business world. As the fintech sector continues to disrupt traditional finance, technological advances like Pay Now are set to revolutionize the industry.
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