Allianz Trade's strategy has included supporting the quickly expanding B2B e-commerce sector for a number of years. The world's top trade credit insurer moves one step further after creating a distinctive and innovative e-commerce credit insurance and forming several alliances with major financial institutions and e-commerce businesses. The launch of Allianz Trade pay, a payment solution with a range of services tailored to B2B e-commerce activities, is announced today by Allianz Trade. These services include trade credit insurance at checkout, digital buyer onboarding, online fraud risk management and mitigation, and instant financing through their partners.

Allianz Trade Pay offers competitiveness, ease of use, security, and flexibility.

Allianz Trade provides real-time protection against non-payment risks to B2B marketplaces, BNPL providers, and e-merchants through its e-commerce credit insurance. In order to assist the B2B ecosystem more effectively and to modify its offering in response to the growth of e-commerce trade flows, Allianz Trade is currently preparing to accelerate and expand.

In light of this, Allianz Trade introduces Allianz Trade Pay, a comprehensive suite of services meant for all online retailers, including quick financing, credit insurance, and KYB procedures. In practical terms, Allianz Trade Pay combines newly developed services with pre-existing technologies.

Among the alternatives that are now available, Allianz Trade Pay provides:

A solution that facilitates real-time online customer credit and protects B2B e-merchants from the danger of non-payment is e-commerce credit insurance. It enables merchants to offer payment terms to their customers.
For domestic operations, Allianz Trade's B2B BNPL partners offer a quick financing solution that powers the entire BNPL value chain up to the point of payment instantly through an API connection. When a customer makes an online purchase, the e-merchant is paid right away, and the BNPL provider follows up with the customer to collect payment. Allianz Trade offers the BNPL partner insurance coverage in the event that a buyer is unable to make payments.
An immediate funding option for global businesses: Similar to the domestic option, Allianz Trade's multi-country, multi-currency instant financing solution for multinationals pays the e-merchant for online transactions in real-time and also involves a financial partner.

Additionally, Allianz Trade Pay is offering the following cutting-edge solutions to the market:

An option for buyer onboarding: during checkout, use the "company search" module. Through the use of open-banking technology and Allianz Trade's extensive database, which includes financial, commercial, and strategic data on over 83 million organizations globally, it assists e-merchants in their KYB process by verifying the buyer's identification.
An insurance policy addressing fraud risks: this service gives online retailers additional security by guarding their company against monetary losses resulting from identity theft by dishonest individuals posing as legitimate businesses.
One easy-to-set-up alternative for businesses employing a content management system (CMS) is a basic plugin. Businesses who use CMSs will only need to incorporate a plugin into their B2B e-commerce platform's source code in order to take use of them, as it will enable the solution or solutions to be live.

"We are now serving the demands of the entire ecosystem, from e-merchants to BNPL players, banks, and marketplaces, by covering the whole B2B e-commerce value chain, from KYB to payment, with Allianz Trade Pay. Are you a conventional merchant looking to expand your clientele in a secure manner? Are you a marketplace that is prepared to improve its KYB procedure? Would you be willing to introduce a new deferred payment option as a payment player? We know how to fix this. Allianz Trade Pay's strength lies in its seamless integration with your payment pathway and supply of supplementary services. The B2B e-commerce sector benefits from Allianz Trade pay's simplicity, security, flexibility, and competitiveness, according to François Burtin, Global Head of E-Commerce at Allianz Trade.

"We are confident that Allianz Trade Pay will contribute to the B2B e-commerce market's continued rapid growth and are extremely excited about it. As the global leader in trade credit insurance, we must spearhead the change in our sector as trade patterns are changing. We want to go even farther with Allianz Trade Pay, which has limitless potential. We will never stop creating additional cutting-edge features and services, such unified and live views, customized and dynamic dashboards, and automatic alerts, to name a few. Anil Berry, a member of the board of management responsible for commercial underwriting, distribution, e-commerce, and marketing, concludes, "B2B e-commerce is growing steadily, and we will be there to support this significant shift in the way businesses are handling trade."