As part of the agreement, ICS commercial cardholders will have access to Billhop’s service at a preferential rate and will thereby be able to pay suppliers using any card, regardless of whether the supplier accepts card payments.
Through Billhop, businesses can pay their suppliers without needing to on-board the end beneficiary, while taking advantage of the interest-free payment period offered by card issuers. This allows businesses to extend their payment terms, significantly strengthen their liquidity cushion and ensure a more efficient distribution of their cash flow, according to the press release
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