Allianz Trade, a leading credit insurer, is positioning itself to meet the growing needs of the B2B e-commerce market by enhancing its e-commerce credit insurance services. This initiative aims to provide real-time protection against non-payment risks for B2B marketplaces, BNPL suppliers and online merchants.
Allianz Trade pay : A New Suite of Solutions
Allianz Trade introduces Allianz Trade pay, a comprehensive range of solutions specifically designed for e-commerce players. The suite includes credit insurance, immediate financing and KYB (Know Your Business) procedures, merging existing tools with innovative new services.
Solutions offered by Allianz Trade pay
1. E-commerce Credit Insurance: Enables B2B online merchants to offer payment terms while protecting themselves against the risk of non-payment.
2. Instant Domestic Finance: Allianz Trade’s B2B BNPL partners provide immediate payment to e-merchants via Allianz Trade’s API, with insurance cover in the event of non-payment.
3. Instant Financing for Multinational Companies: A similar option to the domestic solution, but with a financial partner involved to facilitate real-time payments across different countries and currencies.
Innovative solutions
In addition to these established solutions, Allianz Trade pay also offers market innovations:
– Buyer Integration Service: Facilitates the KYB process by verifying buyer identities using Allianz Trade’s open banking technologies and extensive database.
– Identity Theft Insurance Service: Protects against financial loss due to identity theft by fraudulent entities.
– Simple CMS Plugin: Facilitates the integration of these solutions into B2B e-commerce platforms.
Vision and Commitment
François Burtin, Global Head of E-Commerce at Allianz Trade, underlines the company’s commitment to covering the entire B2B e-commerce value chain. Allianz Trade pay aims to meet the diverse needs of the ecosystem, offering simplicity, security, flexibility and competitiveness in the marketplace.
Anil Berry, Member of the Executive Committee in charge of Commercial Insurance, Distribution, E-Commerce and Marketing, expresses his enthusiasm about the prospects offered by Allianz Trade pay. He underlines the company’s determination to remain at the forefront of change in the B2B e-commerce industry by continuing to develop innovative services and functionalities.
In short, with Allianz Trade pay, Allianz Trade is strengthening its commitment to the B2B e-commerce market, offering solutions tailored to the evolving needs of businesses in an ever-changing digital world.
Source : https://www.tradefinanceglobal.com/posts/allianz-trade-introduces-new-b2b-e-commerce-payment-solution/
https://tribune-assurance.optionfinance.fr/depeches/d/2024-03-06-allianz-trade-lance-allianz-trade-pay.html:~:text=Allianz%20Trade%20pay%20proposes%20one,the%20risk%20of%20non%2Dpayment.