Refer to the transactions between businesses, such as a manufacturer selling to a wholesaler or a wholesaler selling to a retailer

Transactions are often more complex than B2C (Business-to-Consumer) transactions, involving larger order quantities, negotiations, and long-term contracts

Crucial in the supply chain, where companies purchase raw materials or components for manufacturing

Transactions are facilitated by digital platforms, which streamline processes and improve efficiency

Successful B2B transactions rely on strategic, longterm relationships between businesses

The process where businesses sell directly to consumers, bypassing intermediaries

Models:

1. 1. Companies sell products directly to consumers through their own websites or physical stores (e.g., Amazon)
2. 2. Platforms that connect buyers and sellers without owning the products themselves (e.g., Expedia)
3. 3. Platforms that build communities around shared interests and target ads to these groups (e.g., Facebook)
4. 4. Services that charge a subscription fee for access to content (e.g., Netflix)

Marketing Focus to elicit an emotional response from consumers and highlight the personal benefits of products

Transactions are typically smaller and faster, often involving fewer steps compared to B2B transactions

When a business selling its products or services to another business, which then sells them to the end consumer

e-Commerce platforms like Amazon and Alibaba, where third-party sellers offer products to consumers through the platform

Businesses can access larger customer bases by partnering with established platforms

Reduces overhead costs related to marketing, branding, and distribution

Enhanced Customer Experience

Unique Account Numbers helps in tracking and reconciling payments more efficiently

Allow for real-time monitoring of transactions, providing up-to-date information on account activity

Reduce the need for multiple physical bank accounts, lowering administrative costs and simplifying financial management

Come with robust security features, including encryption, two-factor authentication, and real-time fraud monitoring

Flexibility and Scalability to create multiple virtual accounts for different purposes, such as segregating funds for various projects or departments

Seamless Integration with existing financial systems, facilitating smooth fund transfers and financial operations

Global Accessibility with an internet connection, making them ideal for businesses with a global presence

Allow holding and managing funds in the local currency of a specific country, simplifying transactions within that country

Local Payment Identifiers ease local transactions, such as IBANs for European accounts or bank and branch codes for accounts in Hong Kong

Reduced Transaction Costs by eliminating the need for currency conversion, local currency accounts help reduce transaction fees and minimize exposure to exchange rate fluctuations

Payments between local accounts are processed more quickly through the local payment system, avoiding delays associated with cross-border transactions

May boost business's credibility with domestic suppliers and customers by providing a local banking identity

Through digital platforms, lower operating costs in return of a more competitive exchange rates compared to traditional banks

Fintech brings currency exchange services with minimal or no fees, making them an attractive option for frequent travelers and international businesses

Multicurrency account enables client used to hold and manage multiple currencies within a single account, facilitating easy currency exchanges and international transactions

Real-Time Exchange allowing users to take advantage of favorable exchange rates instantly

More and more friendly and intuitive UI design to make everything easy for customers to perform currency exchanges

Global Accessibility enabled users to manage their finances from anywhere in the world

Fully Digitized One-Stop payment services Platform

Minimal or no fees

Real-Time Payments allowing instant transfers and payments

User-Friendly Interfaces making it easy for customers to perform transactions

Global Accessibility enabling users to manage their finances and make payments from anywhere in the world

Enhanced Security including encryption, two-factor authentication, and real-time fraud monitoring, to protect users' transactions and data

Transparency in fee structures and exchange rates builds trust

Modern remittance services prioritize quick transfers in real-time or near real-time basis, and also provide tracking and notifications to keep clients well informed of the transaction status

Multi currencies allows for a broader reach and convenience for users sending money to different countries

Advanced fraud detection systems and monitoring to prevent money laundering, terrorist financing, and other cyber threats

Partner with local commercial banks and other authorized institutions to handle distribution and transactions

Near Real-Time Gross Settlement (RTGS) facilitates the immediate transfer of funds between banks, ensuring quick and secure settlement of high-value transactions