Allianz Trade, a foremost player in the trade credit insurance market, has launched "Allianz Trade pay," marking a significant stride in supporting B2B e-commerce activities. This innovative payment solution suite is crafted to enhance the B2B e-commerce ecosystem by offering an amalgamation of services that includes trade credit insurance protection, a fraud module, digital buyer onboarding, and instant financing through financial institution partners. The move is a reflection of Allianz Trade's commitment to fostering simplicity, security, flexibility, and competitiveness within the e-commerce space.
Allianz Trade pay is designed to address the entire value chain of B2B e-commerce transactions, aiming to meet the diverse needs of e-merchants, BNPL providers, banks, and marketplaces. It consolidates existing tools with new services to offer a comprehensive solution for real-time customer credit management, protection against non-payment risks, and facilitation of immediate payment through BNPL partnerships and instant financing solutions for both domestic and multinational operations.
Key features of Allianz Trade pay include:
- E-commerce Credit Insurance: Offers real-time protection for B2B e-merchants against non-payment risks, enabling them to extend payment terms to their clients with confidence.
- Instant Financing Solutions: Provides immediate payment for online purchases, supporting both domestic operations and multinational transactions with multi-currency options.
- Buyer Onboarding Solution: Utilizes open-banking technologies and a vast database to verify the identity of buyers at checkout, enhancing KYB processes.
- Fraud Risk Insurance: Secures e-merchants against financial losses due to identity theft and fraud by impersonators.
- Easy Integration: Allows for simple setup through a plugin for companies using a CMS, facilitating seamless integration into B2B e-commerce platforms.
François Burtin, Global Head of e-commerce at Allianz Trade, emphasized the comprehensive nature of Allianz Trade pay, highlighting its capability to cater to a wide array of needs within the B2B e-commerce ecosystem. Anil Berry, Member of the Board of Management, expressed optimism about the potential of Allianz Trade pay to accelerate growth in the B2B e-commerce market and underscored the company's ambition to continue developing innovative services and functionalities to support the evolving trade patterns and e-commerce dynamics.
Source: Allianz Trade