Bank of America Launches Virtual Payables Direct in EMEA for Flexible B2B Payments
Tuesday, October 8, 2024
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Posted by: Sierra Lindemann
Bank of America has expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct, enabling buyers to make B2B payments via bank transfer while still benefiting from extended card payment terms. The solution offers flexibility for large or last-minute payments, improving cash flow management for both buyers and suppliers. This enhancement comes as the global B2B payments market is projected to exceed $2.4 trillion by 2031.
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