Allianz Trade, a company specializing in trade credit insurance, has launched Allianz Trade pay, a payment solution designed specifically for B2B e-commerce businesses.
This suite of services aims to revolutionize the way businesses handle their online transactions.
Allianz Trade pay provides a range of services, including trade credit insurance protection, a fraud prevention system, a digital buyer onboarding solution, and immediate financing options through partner financial institutions.
As the B2B e-commerce sector continues to grow rapidly, Allianz Trade, a division of the Allianz group, is actively working on solutions like e-commerce credit insurance and forming partnerships with e-commerce companies and major financial institutions.
What Does Allianz Trade pay Offer?
Allianz Trade pay offers services such as e-commerce credit insurance, which enables B2B e-merchants to offer payment terms to clients while protecting against non-payment risks in real-time.
Furthermore, financing solutions are available for both local and global operations, providing immediate payment to e-merchants for online transactions through Allianz Trade's API connections with BNPL partners.
The platform also includes a digital buyer onboarding solution that streamlines the KYB process at checkout by utilizing a company search module, leveraging open-banking technologies, and accessing Allianz Trade's database with information on over 83 million companies globally.
"With Allianz Trade pay, we now cover the complete B2B e-commerce value chain, from KYB to payment, addressing the needs of the entire ecosystem, including e-merchants, BNPL players, banks, and marketplaces," said François Burtin, global head of e-commerce at Allianz Trade.
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