Digitising B2B Payments

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Banks, payment technology companies and fintechs today are increasingly working together to bring digital solutions to the market in-order to improve the whole payments ecosystem and streamline processes.

Banks today are seeing a huge opportunity to improve and innovate B2B transactions and payments primarily to boost productivity, reduce costs, and strengthen commercial partnerships across Asia’s supply chain.

While on one hand it seems rather easy to implement this given the size and resources that banks would have, it is actually the lack of essential tools, budgets and the drive to innovate software and systems to simplify B2B payments which is proving to be a major hindrance. The bottom line is that the industry is stuck writing checks and using paper documents instead of embracing the modern times and digitising every step of the supply chain, from procurement to payment processing.

All of Asia’s growing economies are looking to improve productivity, reduce risk of fraud and most importantly, cut transaction costs and free up cash flow. While emerging innovative technologies promises to solve this, how can businesses leverage these latest payment technologies to better the entire supply chain?

namita-lal_stancFind out more at Seamless Asia, where Namita Lal, Global Head Mobile Money & E- Commerce Standard Chartered Bank in Singapore joins us  to share on how the bank has leveraged innovative solutions to improve B2B transactions and payments to drive efficiencies for vendors and suppliers across Asia’s supply chain.

At Standard Chartered, Namita is responsible for creating and executing innovative wallet and e-commerce propositions that are high priority green-field for the bank. In her 26 years with the Bank, she has worked for both Consumer and Wholesale businesses across India, UK, Africa, Middle East, and South East Asia. Her recent roles include Group Head of International Banking in Singapore, Country Consumer Banking Head in Vietnam and General Manager SME in Thailand. She has enjoyed starting up many businesses for the Bank across its network.

Seamless Asia is set to be one of the largest gatherings of Payments, Retail and eCommerce players in Southeast Asia. For more information about the event, download our brochure here, or go right ahead and register here. Our early-bird pricing, giving you 50% off, applies till the 23rd of December.

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