B2B payments increasingly done electronically according to new report from yStats.com

HAMBURG, Germany - Nov. 7, 2018 - PRLog -- Payment processors eye opportunity in B2B transactions

The huge volume of business to business payments presents opportunities for FinTech companies and other technology-based fund transfer platforms to grow their share of the USD trillions in movement. The yStats.com report points out that about 50% of B2B payments worldwide are already done electronically, with further growth in this direction expected in the next five years.

Innovative technologies ease transition to digital B2B payments

Payment delay in the B2B is a challenge that new technology can help resolve. Though there are regional variations, the yStats.com report cites sources indicating that between a third and a half of B2B payments are past due. Innovations such as artificial intelligence and data analytics hold some hope for greater efficiency in the payment process. Mobile payment in the B2B arena is also on the rise, challenging the current domination of card and check payment.

For further information, see: https://www.ystats.com/wp-content/uploads/2018/10/Product...

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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.