Trade credit insurance provider Allianz Trade, B2B e-commerce payments platform Two and Santander Corporate & Investment Banking (CIB) teamed up in January to offer the first global B2B buy now, pay later (BNPL) solution for corporates.
The solution enables corporates to offer business buyers deferred payments at checkout through a single Application Programming Interface (API).
Assessing credit requests through an API, Allianz is leveraging its “large and deep” database, which contains commercial, financial and strategic information about more than 80 million corporates worldwide, to help Santander CIB make financing decisions “on the spot”, while Two will run the whole process through its BNPL technology.
