Expensify Touts Super App As Goal | Spend Management Startup Payhawk Lands $122M | Non-Recurring Business Payments Have 1-3 Chance of Being Late

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24 Nov, 2021
PYMNTS
Expensify Touts Super App As Goal; Spend Management Startup Payhawk Lands $122M; Non-Recurring Business Payments Have 1-3 Chance of Being Late
 

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TODAY’S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

November 24, 2021

       BUSINESS-TO-BUSINESS EDITION

Late Payments

New Data: Non-Recurring Business Payments Have1-in-3 Chance of Being Late

Regardless of the reason that an “ad hoc” or infrequent vendor payment is made, there’s a good chance it’s going to arrive late. According to PYMNTS’ Fixing Small Business Payments report done in collaboration with Ingo Money, even when businesses offer discounts for early payments, the money is still frequently past due.

 

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Instant Payments

81% of Payors Believe Instant Payments Are Essential for Improving Supplier Relationships 

Because microbusinesses expect the disbursements they receive to be instant and seamless, payors are catering to those needs. The Disbursements Satisfaction Playbook, a PYMNTS and Ingo Money collaboration, found that 81% of payors believe that instant payments are essential for improving supplier relationships.

 

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B2B Payments

Mid-tier Banks Look to Stablecoins, Interoperability to Win Business of Large Customers

Banks’ interest in blockchain, stablecoins and instantaneous B2B payments has exploded in the last few weeks after the release of the President’s Working Group report. Tassat CEO Ron Totaro says that if smaller banks work together, they can use these tools to win the business of large players.

 

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Best Of Yesterday


Small Business Owners, FinTechs Back Federal Truth in Lending Bill


Business Payments Slower for US, Canadian Middle Market Suppliers Than Before COVID


46% of Firms Using ACH for More B2B Payments Amid Pandemic


 

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