This collaboration means that companies using Payer as a B2B digital payments platform will now be able to accept American Express cards as a payment method for all purchases and services.
Officials from Payer said that they’re happy to be partnering with American Express to provide their European B2B customers even more payment options when paying for goods and services on their B2B checkout, across a wide range of industries including manufacturing, automotive, consulting, and financial services. This aligns with their objective of being the preferred B2B payments service provider across the Nordics and in Europe.
Payer, the Swedish fintech, was born out of the idea of challenging the way businesses operate. Its B2B digital platform adds value across the Order to Cash process with plug and play solutions to boost digital sales and reduce costs in the CFO’s office. Payer facilitates customer onboarding with instant risk and credit decision, in addition to digital payments and checkout solutions. Payer also offers an Accounts Receivable Automation service with an invoicing solution that now enables American Express Card Members to pay their invoice with their American Express Card.
In August 2022, restrictions imposed on American Express regarding the onboarding of new domestic customers have been lifted with immediate effect.
The resumption of American Express’ business in India should provide a boost to the local banks and fintechs that for over a year have been able to largely offer customers debit and credit cards powered by Visa and Rupay, a homegrown card network that is promoted by the National Payments Corporation of India, a special body of RBI.
Payer is a licensed Swedish payments company focused on digital B2B payments for enterprise customers on a pan-European and global scale. Payer simplifies payments between companies. Payer’s payments platform for B2B ecommerce helps companies to create augmented digital payment experiences that increase sales and create sustainable relationships with their customers.
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