Future fintech or bank use for B2B payments worldwide in 2019 and 2020
Companies worldwide increasingly favored fintech solutions for future B2B payments in 2020, more so than bank-developed payment options. Indeed, over half of the respondents that year - compared to roughly one out of three in 2019 - planned to either increase or significantly increase fintech use. Important reasons why fintech were preferred to banks, according to the source, included the overall security of these platforms as well as their cost relative to other solutions available on the market.
