Top four reasons why businesses need a cross-border B2B payment solution provider to truly go global

In today's interconnected world, businesses are no longer confined to operating within a single country's borders. As global trade and e-commerce continue to expand, companies are increasingly engaging in international transactions, known as cross-border payments. These transactions involve multiple parties and are often subject to various rules and regulations, making them complex and challenging to manage. Consequently, businesses may face delays, additional costs, and a lack of transparency in handling cross-border B2B payments. To overcome these obstacles, many businesses turn to global B2B payment platform providers, which offer the necessary expertise and solutions to streamline the process.

At SUNRATE, we address the challenges mentioned above by offering cutting-edge products and services that enable businesses to pay stakeholders—ranging from suppliers and partners to customers—quickly, securely, and affordably, anywhere in the world. Our proprietary tech engine streamlines the payment process, allowing businesses to focus on their core competencies while ensuring efficient and transparent cross-border transactions.

Effective payment process:

Embracing cross-border B2B payments as a business looking to scale across borders is a must, in order to settle payments between various nations and currencies. Traditional finance can be inefficient and time-consuming since they require a lot of intermediaries, such banks and other third parties, which can cause delays and extra expenses in addition to adding layers of complexity to the process. On the other hand, a cross-border B2B payment platform, such as SUNRATE can provide businesses a number of advantages, including the removal of unnecessary middlemen and manual procedures, improved rates, and increased transparency through access to price and process information.

Efficient methods of payment:

Cross-border B2B payment costs can be greatly impacted by undisclosed costs and exchange rates.

They minimise costs for both the sender and the recipient by streamlining the process of sending funds overseas and offering competitive exchange rates and lower transaction fees. By doing this, any (potential) global businesses can maximise its financial resources and raise its purchasing power in several marketplaces.

Gaining access to more markets to stimulate growth and business expansion:

Businesses can access new markets and customers globally with the help of a cross-border B2B payment solution, which promotes business growth and expansion. It gives businesses a broad market reach and the ability to conduct business with clients, partners, and suppliers in various currencies and nations, encouraging further corporate expansion and improving commercial opportunities.

Better commercial ties:

Business relationships can be harmed by late or inconsistent payments, which can result in missed sales and opportunities. A trustworthy cross-border B2B payment solution provider helps build trust and fortifies business’ ties by offering a dependable and prompt payment process.

SUNRATE: The leading global B2B payment platform for emerging markets, empowering businesses worldwide

SUNRATE is the leading global B2B payment platform, with nearly a decade of experience in the industry (since 2016).

With our strong API and user-friendly platform, we specialise in facilitating secure, efficient, and transparent transactions across more than 190 markets, making cross-border business operations simple for any businesses. As a cross-border B2B payment platform, we let companies deal with partners, suppliers, and clients all over the world quickly, securely, and affordably. Businesses can transact in 130+ currencies and settle card spends in more than 15 currencies. They also enjoy global collection services available in over 30 currencies and collect funds in over 10 major global currencies, as if they were local payments.

As part of SUNRATE’s global vision to drive B2B digitalisation, it also offers effective treasury management tools such as TreasuryOS and RiskOS, to enable businesses to manage and oversee their financial assets, liabilities, and liquidity.

We recognise the value of dependable and secure payment solutions, we have earned certification from top security organisations such as PCI-DSS.

SUNRATE is fully regulated and licensed by reputable financial regulators like the Monetary Authority of Singapore, the UK Financial Conduct Authority,  the Customs and Excise Department of Hong Kong and the Bank Indonesia. Our adherence to the highest compliance standards is ensured by regulatory scrutiny, which fosters confidence in our services.

We provide a number of pay-out choices - for our clients, transfers are quick and easy thanks to our smooth onboarding procedure and detailed Know-Your-Business (KYB) screening.

At SUNRATE, client happiness and dependability come first – all clients are tagged with a dedicated business development rep who is on hand around-the-clock to help you with any questions or problems that could come up.

Regardless of the size of any businesses, SUNRATE has the resources and know-how to make international payments easier.

Businesses can concentrate on expanding and running core operations while cross-border B2B payment needs are well taken care of by SUNRATE.