Jeeves, a fee management and cross-border payment platform, has joined forces with Bexs, a specialist bank in foreign exchange and digital payments, to launch Brazil's first digital self-service cross-border business-to-business (B2B) payment platform.。

International remittance services for Brazilian companies

With this new platform, there will be a paradigm shift in the way Brazilian companies deal with international markets such as the US or Europe。The platform is expected to turn days-long forex contract and invoice payment procedures into fast digital transactions that can be completed within 24 hours.。

The integration of the platform with Bexs "FX-as-a-Service solution enables digital international transactions。As global connectivity becomes more important, businesses of all sizes can benefit from rapid international transactions across all industries。

Jeeves CEO Dileep Thazhmon said: "Brazil is a market full of potential and it is very important for us to have a partner who understands its uniqueness.。"

B2B cross-border payments surge

Businesses are increasingly involved in cross-border trade and therefore need efficient and fast cross-border payment solutions.。The rise of the international business landscape has fuelled the need for seamless transactions, especially for business-to-business (B2B) cross-border payments.。

As companies expand globally, the ability to facilitate international payments becomes critical。B2B cross-border payments facilitate the transfer of funds between enterprises in different countries and improve the efficiency of commercial transactions。This importance is amplified by the growth of e-commerce and digital trade, which enables businesses to serve customers around the world。

The report shows that the global B2B payment platform market is on a booming track, with an expected annual growth rate of about 8% from 2022 to 2028..35%。The market is expected to be valued at $1,564 billion by 2028, and the factors driving the market's unprecedented growth will work together.。

Digitalization of financial services paves the way for fintech solutions in B2B payments。Fintech firms build robust cross-border payment networks using blockchain, artificial intelligence and cloud computing。

Application programming interfaces (APIs) play a role in enabling the interaction between financial systems and platforms。API integration enables businesses to connect accounting and enterprise systems directly to payment providers, facilitating automated cross-border payments。