Mon, Dec 23 2024
Prominent European bank BNP Paribas and B2B payments company Billie, the BNPL experts for business payments, have partnered throughout Europe.
The beginning of a pan-European relationship has been marked by the alliance between European bank and sustainability leader BNP Paribas and Billie, a B2B payments provider that offers Buy Now, Pay Later (BNPL) services to companies.
As per the agreement, BNP Paribas will now handle Billie's cash management and payment processing in the UK, Germany, Sweden, and the Netherlands. This partnership is essential to Billie's pan-European expansion plan because other nations in Europe will soon be connected as well.
For BNP Paribas, the alliance is a continuation of their efforts to use partnerships and investments to foster future financial services innovation.
Growth in B2B payments, BNP Paribas & Billie
Additionally, the agreement is a big step forward for Billie, whose product is now used by over 450,000 corporate clients. Now that BNP Paribas is joining Billie, one of the fastest-growing BNPL providers in Europe's B2B market, the Berlin-based company will continue to develop.
"Billie's technology-driven solution offers both business customers and merchants a first-class user experience by seamlessly integrating into the checkout process," states Roger Berger, Head of Fintech at BNP Paribas Germany.
"BNP Paribas and Billie's expansion-oriented business model are a perfect match thanks to their presence in Europe."
"We ensure the highest standards of customer orientation and market-leading payment processing through BNP Paribas' scalable network in individual countries," continues Sven Johannesmeier, Cash Management Sales for Payment Service Providers at BNP Paribas Germany.
"We provide support to Billie and its corporate clients throughout Europe in this way."
Billie: Paying with invoices first
Billie now provides business clients with Pay by Invoice, one of the most widely used payment options in B2B transactions. In other words, businesses can buy products with terms of payment as long as 120 days, and merchants will get paid in full at the time of dispatch.
Billie complements cash flow management in this way for both business clients and retailers.
Billie claims that security is always the top priority and that it verifies customers in real time at the point of sale, therefore shielding businesses from fraud threats and any payment failures.
Following its cooperation with Adyen in February of this year, where Billie gave it the capabilities to assist companies and their partners in overcoming payment barriers in B2B commerce, Billie is now working with BNP Paribas.
BNP Paribas has partnered with Billie in an effort to foster innovation that goes beyond what are quickly becoming conventional fintech procedures.
The fintech industry's Pay by Invoice sector is growing, and BNP Paribas' support for it demonstrates the company's dedication to advancing the range of financial services innovations.
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