Juni enables Cross-border Payments to the US and China for European ecommerce businesses
Good morning FinTech Fanatic!
When I woke up at the west coast of the US yesterday, the first FinTech news update I read was from Europe. Juni, the financial platform built for digital commerce, has enabled its cross-border payments capabilities, facilitating transactions to the US and mainland China for its customers across Europe.
I found this interesting because businesses operate in an increasingly globalised world and data shows that the global B2B cross-border payments market is expected to total $56.1tn by 2030. To enable its customers to transact with overseas vendors and partners, Juni is extending its Send Money product which will now allow EEA-based companies to make Cross-Border Payments to mainland China and the US.
The launch is another step to realise Juni’s vision of becoming a banking alternative for digital commerce businesses, and strengthening its core banking feature offering.
“Legacy banks often struggle to offer competitive international transfers with a smooth customer experience and it’s something we know is incredibly important to our customers,” says Samir El-Sabini, CEO & Co-founder of Juni.
“Our new cross-border payments feature ensures ecommerce businesses can pay vendors, suppliers and do intercompany transfers easily. This is one of many steps we’re taking to become a banking alternative for our customers.”
As a FinTech investor and trend watcher, I've observed a number of compelling reasons to be bullish about this sector, that I will share with you in a series of articles soon. I think Business banking in the digital commerce industry is at an exciting crossroads. For those of us in the FinTech space, it's not just an opportunity—it's a revolution in the making.
What do you think?
Let me know, and enjoy more FinTech industry updates I listed for you below👇
Cheers,
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