Digital payments: B2B segment slow to adopt cashless methods

Digital payments: B2B segment slow to adopt cashless methods. [Newspaper] (2021)


Over the past year, fintech firms that are involved in person-to-person (P2P) and business-to-customer (B2C) payments saw a boom in business — as evidenced in the rapid adoption of e-wallets, online payment gateways and QR code payments. When it comes to the business-to-business (B2B) sector, however, the digital payment adoption rate seems to be lagging.

Small companies in rural communities still rely heavily on cash and cheques as primary payment methods, experts tell Digital Edge. Urban B2B companies fare much better, preferring transactions via internet banking and credit transfers through financial networks such as RENTAS and SWIFT. Still, market experts all agree that more B2B payments can still be made digitally, with plenty of room for improvement.

Item Type: Newspaper
Keywords: E-commerce, Digital society, Cybersecurity
Taxonomy: By Subject > Computer & Mathematical Sciences > Information Technology
By Subject > Computer & Mathematical Sciences > Computer Technology and Networking
Local Content Hub: Subjects > Computer and Mathematical Sciences
Depositing User: Mohd Aizat Abd Halim (Seremban)
Date Deposited: 22 Feb 2022 23:45
Last Modified: 23 Feb 2022 06:17
Related URLs:

Actions (login required)

View Item View Item