{"id":13311,"date":"2019-07-16T07:53:51","date_gmt":"2019-07-16T07:53:51","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13311"},"modified":"2019-07-16T07:53:51","modified_gmt":"2019-07-16T07:53:51","slug":"pureplay-digital-operators-to-process-usd-14-trillion-in-b2b-payments-by-2023","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/pureplay-digital-operators-to-process-usd-14-trillion-in-b2b-payments-by-2023\/","title":{"rendered":"Pureplay digital operators to process USD 14 trillion in B2B payments by 2023"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">New data from Juniper Research suggests that B2B transactions processed by pureplay digital operators are likely to reach USD 14 trillion by 2023, up from USD 6.7 trillion in 2018. This expectation results from banks\u2019 purchase departments struggling to quantify returns on investments from the implementation of digital technologies that would replace or augment existing mechanisms. As a result, they rely heavily on manual processes and traditional suppliers. This has allowed new entrants (e.g. Modulr and Soldo) to gain a foothold in the space, taking advantage of their lack of legacy systems and the use of updated and real-time payment technology that integrates with companies\u2019 accounting software.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13311 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='South Korea plans interbank payment network'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/south-korea-plans-interbank-payment-network\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/05\/south-korea-plans-interbank-payment-network-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12856\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12856'>\n\t\t\t\tSouth Korea plans interbank payment network\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='New Electronic Document Management at \u0412\u0422\u0411 bank (Azerbaijan)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-electronic-document-management-at-vtb-bank-azerbaijan\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2016\/10\/\u0414\u043e\u043a\u0443\u043c\u0435\u043d\u0442\u043e\u043e\u0431\u043e\u0440\u043e\u04425-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-3675\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3675'>\n\t\t\t\tNew Electronic Document Management at \u0412\u0422\u0411 bank (Azerbaijan)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: how ready is the financial services industry for data analytics?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-how-ready-is-the-financial-services-industry-for-data-analytics\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/FinextraTV-SC-Measuring-the-industrys-tech-intelligence-around-data-analytics-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15301\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15301'>\n\t\t\t\tVideo: how ready is the financial services industry for data analytics?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>New data from Juniper Research suggests that B2B transactions processed by pureplay digital operators are likely to reach USD 14 trillion by 2023, up from USD 6.7 trillion in 2018. This expectation results from banks\u2019 purchase departments struggling to quantify returns on investments from the implementation of digital technologies that would replace or augment existing &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[400,335],"class_list":["post-13311","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","tag-money-transfers","tag-startups","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13311"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13311\/revisions"}],"predecessor-version":[{"id":13312,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13311\/revisions\/13312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13342"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}