Introduction to B2B Payments
In this video, Ritu introduces what business-to-business payments are. She further outlines how they are different from B2C and P2P payments, as well as looking at how they have evolved over the years, particularly in relation to modern technological developments.
Overview
Every monetary transaction is followed by a payment transfer between parties, whether that's B2C, P2P, or B2B. Business-to-business payments are for transactions between businesses and corporations. B2B payments tend to involve high-volume, high-value repetitive transactions using processes that can take a significant amount of time. B2C transactions are fast and easy to execute. While the industry has been around for a long time, digital developments over the last 20 years have significantly changed the way payments are executed.
Key learning objectives:
Understand what B2B payments are
Examine some of the ditigal developments in the B2B space
Outline some key industry trends
Summary
Expert
Ritu Sehgal
With a career spanning over 20 years, Ritu has worked in several different areas of banking with some of the largest Global Banks in both Asia and the UK.
In her most recent role Ritu managed the Payments sales business for Lloyds Banking Group Corporate and Institutional clients.
