According to Kabbage, Alibaba Group’s online platform for global B2B trade and the Pay Later option allows millions of US small businesses on Alibaba.com to obtain up to USD 150,000 of financing for their orders. Pay Later also improves cash flow and makes global commerce more accessible for small businesses.
Kabbage officials have stated that since its beta launch in June 2018, Pay Later has simplified and strengthened payments for small businesses using Alibaba.com. Polling nearly 1,000 Pay Later customers, 81% have indicated it is easier to apply with Pay Later than other business financing options, and 68% said Pay Later has allowed them to increase order sizes on the site.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.