Business Finance
Shipping and logistics are true heroes of international trade—no wonder they’re responsible for moving over 80% of the volume of goods worldwide. However, navigating this industry goes beyond plotting a course and moving heavy cargo across it. More is involved to ensure shipping operations are steady and overall profitable.
This is surely a big task for shipping companies. Yet, they can achieve smooth sailing by leveraging efficient banking and payment solutions. But the million-dollar question is, where can these corporations find them?
The answer is through modern financial platforms! They make it seamless for logistics providers to accelerate their business...
April 2025
A Closer Look at the Booming Industry
Revenue is a crucial metric that determines the success of any industry or business. Are you curious to know how much money online casinos are really making? The numbers may surprise you.
According to Statista, the online casino industry so far generated over $35 billion in revenue in 2024. This indicates that this sector isn’t just a mere trend; it aims to redefine how individuals play games digitally. The ease of playing casino titles and live dealer offerings at one’s convenience shows just how much iGaming has evolved.
Interestingly, Statista further noted that the sector’s revenue grows at an impressive annual rate...
March 2025
In today’s free market economy, most major currencies—such as the US dollar (USD), euro (EUR), and Japanese yen (JPY)—can be easily bought, sold, and transferred internationally. However, some currencies remain non-convertible, meaning their exchange is tightly controlled by governments and central banks.
If you’re planning to travel, invest, or engage in cross-border payments, understanding restricted currencies is crucial. Imagine needing Turkish lira (TRY) or Kuwaiti dinar (KWD) for a transaction, only to find out that strict foreign exchange rules limit your ability to acquire them.
So, why do some countries...
February 2025
Bank Accounts
Malaysia continues to attract people from around the world with its strong economy, modern infrastructure, and expat-friendly lifestyle. Its affordability, livability, and English-speaking population make it a popular destination for international students, professionals, investors, and retirees. However, the cost of living is rising, especially in Kuala Lumpur, and non-residents may face stricter banking regulations.
Whether you're moving to Malaysia or doing business there, setting up a local bank account is essential for managing your finances. Here’s an updated and factual guide to help you open a bank account in Malaysia....
February 2025
How to open bank account in the Philippines
The Philippines, known for its beautiful islands, vibrant culture, and warm hospitality, has become a popular destination for expats. Whether you're retiring, working, studying, or investing, establishing a financial footprint is an essential step in settling into the archipelago. Here's our updated guide on how to open a bank account in the Philippines, with detailed, accurate, and practical advice.
Why Open a Bank Account in the Philippines?
Having a local bank account simplifies managing your finances. It allows you to:
Receive income or remittances.
Pay bills and expenses in...
January 2025
How to open a numbered account
Numbered bank accounts are designed to provide clients with a degree of privacy by replacing their name with a numerical code. While these accounts add another layer of banking secrecy, they can no longer be considered completely anonymous accounts due to global regulations aimed at combating financial crime. Below, we outline the processes for opening a numbered account in Switzerland, Singapore, and other jurisdictions. But first, let’s talk about the basics of numbered bank accounts and other payment options that provide limited anonymity.
What is a numbered account?
A numbered bank account is a type of bank account that offers enhanced privacy by...
January 2025
Fintech
The fintech neobank market in Europe is heating up with competition and compliance fueling the fire. Can fintechs stand the heat or will they be fleeing to Singapore or some other business haven? This article will answer this burning question. But first, let’s take a closer look at fintechs and how the European fintechs market has overheated.
Whether you’re paying for a cup of coffee at your favorite coffee shop using Revolut, receiving payment from a client for your freelancing services via Paypal, or trading stocks using an app on your mobile phone while on a holiday in Thailand, you’re enjoying the convenience that Fintechs provide. These financial innovations have become a part of...
December 2024
B2B Pay wins BBVA's pitch competition for fintech startups against some pretty strong competition:
https://www.centrodeinnovacionbbva.com/opentalent/competiciones/fintechforcompanies?utm_source=twitter&utm_medium=social&utm_campaign=rrssOT&utm_term=07092017
September 2024
What is an EBAN?
Virtual banking, e-banking, wallets, payment apps, blockchains: The future of financial technology is anything but certain. With new competing forms of online banking and payments lowering the barrier to access, many barriers still exist to moving funds between platforms, countries, and currencies. As a consequence, users are forced to choose which platform to be a part of. So how does the user make a choice? What if it making a choice was unnecessary?
Financial technology is undergoing a game changing disruption. In the emergence of the new “Open Finance” paradigm that blockchain technology represents, there is a need for consensus on the...
August 2024
Import & Export
Singapore is considered one of the easiest places to make business in. The ease of doing business rank is an index created by some of the top World Bank’s economists, placing this city-state in Asia on the second position worldwide, right after New Zealand.
These ranks use various factors, such as the amount and complexity of required documents, incurred costs, tariffs and time needed to import and export from the country.
Given the particular size and geography of Singapore, the mighty Asian city-state that doesn't have much space for industry or agriculture and food production, the bulk of its economy consists of goods that are imported to Singapore to be...
December 2024
Europe is the world’s largest single trading bloc when considered as a single unit. As such, it occupies a high, third place in the ranks of Australia’s trading partners, right after China and Japan.
Since November 15, 2015, both parties (The EU and Australia’s government) are in the process of negotiating a comprehensive Free Trade Agreement. It was initiated by the Australian Prime Minister, the President of the European Commission, and the President of the European Council.
How much does Australia export to Europe?
Australian exports of goods to European Union countries reached 11.6 billion Australian dollars, and export of...
December 2024
Transferring money from the UK to the Eurozone involves, of course, a currency exchange. However, since the UK is (still) part of the EU, and the SEPA zone, shouldn't the transfers be easier than when transferring from, say, the USA or India?
Transfer through your bank
SEPA only forbids banks from charging extra for SEPA transfers. It doesn't force banks from using mid-market exchange rates. And quite understandably so, given that SEPA is meant to be single-currency. It doesn't concern itself with currency conversion. As a result, banks tasked with transfering money from a Pound Sterling account to a Euro account,...
November 2024
Travel
If you are in India and you are doing business with clients in Europe, then you need a payment system that will allow you to receive your payments quickly. That might seem impossible when you are on one continent and your clients are another. The good news is that thanks to technology, it is possible to operate a bank account from virtually anywhere. This is made possible by virtual accounts.
Benefits of virtual accounts and virtual IBANs
Virtual accounts have the structure of physical bank accounts but without the costs of opening and managing accounts. As a business owner, you can have one centralized...
December 2024
Due to digital disruption happening in India, the businesses in India started to adapt to digital technologies and started to adopt the recent trend in online payment methods. Due to the reformations and restrictions on cash economy by the NDA government, there was a rapid growth in the digital economy in terms of B2B payments as well. Still, offline methods in India are traditional methods of B2B payments. Few common methods of B2B payments used in India are:
Cheques
Paying by cheque is widely used payment method in India with respect to B2B payments. A cheque is a document provided by the payer to the payee with the details of...
May 2024
India’s currency rupee can be made as International currency in 2 ways:
By making rupee as a stable currency to enable International trade or to keep it as asset.
By exporting more to other countries, so that other countries use these two modes of internationalization are not mutually exclusive. In a one liner statement, for a currency of trade, it needs to be a currency in which assets are held & vice versa.
Internationalization as a currency of trade
This is practically difficult task in the quick run. The reason Chinese Yuan is notably becoming a currency of trade, because...
May 2024
E-Commerce
An increasing number of merchants are looking for bank accounts to connect to their stripe account in Europe or America in order to withdraw funds. B2BPay provides merchants with their very own EUR IBAN account and also a USD ACH account. the accounts are in the Merchants own name.
The Merchants can use their B2BPay account to collect funds from stripe in both USD and EUR. and use our payments engine to concert currencies and make global payments to themselves and their suppliers.
November 2024
Best payment gateways and merchant credit card processors for developers
Payment gateways is not just about cost but how you can integrate them into your systems. The credit for this list goes to our friends at Active Merchant. They help you in integrating the payment gateway into your system. The actual list can be found at: GitHub
The List below shows the name of the merchant and i which country they operate in:
Authorize.Net CIM - US
Authorize.Net - AD, AT, AU, BE, BG, CA, CH, CY, CZ, DE, DK, ES, FI, FR, GB, GB, GI, GR, HU, IE, IT, LI, LU, MC, MT, NL, NO, PL, PT, RO, SE, SI, SK, SM, TR, US, VA...
August 2024
where to find good ecommerce credit card processing comparison?
This is a trick question. Sadly there are no comprehensive list for credit card processing or for comparing merchant accounts. Most of the lists are either not accurate or just sales material.
Here are some lists we found which are credible:
United States:
TOP 4 MERCHANT SERVICES FOR SMALL BUSINESSES 2015 PayFrog
Malaysia:
Payment gateway integration options for start-ups in Malaysia Charge Bee
Latin America:
Top 10 Cross-Border Payment Services in Latin America Trulioo The best list is where you have people not selling you anything: th...
August 2024
Blockchain
It is very likely that you (or your business) will have one cryptocurrency account with a neo-bank service provider and a (usually mandatory by tax authority purposes) traditional fiat bank provider. To avoid conversion losses, you may be interested in moving the assets from one account to another. Is it possible at all?
Let’s assume that your crypto provider has both crypto accounts and services AND can store fiat accounts with SWIFT / SEPA network transfer capabilities. Your traditional bank naturally has those, but may not have crypto services. What are your options to use your money?
How to transfer cryptocurrency to a fiat account?
Depending on your financial provider, there may...
August 2024
If your company has clients that pay online, you would want to be able to receive cash using the widest selection of services at the lowest possible cost and thereby enabling the largest possible amount of clients to pay on your site for your services with the easiest tools and processes. Problem is, your company may be tied to expensive local banking services, or maybe denied of even opening a bank account where your clients are or simply as a new company.
Payment Processing companies
Payment processor companies are tech companies managing a payment settlement network between merchants and buyers internationally. The main job is to authenticate the parties and...
May 2024
When your company is doing business with partners located in different countries or continents, you will need cross-border payment services to settle the costs of the products ordered and services rendered. There are many possible ways to do it, depending on your and your partner’s countries of origin.
Let’s see what alternative payment options do you have:
VISA / EuroCard MasterCard payment by debit or credit cards. Once you have a bank account (or any blockchain processor account) with an issued card, and also your partner’s bank has card processing systems in place, the job is done. Costs are covered by the seller, it happens...
April 2024
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