Multi-Party Payments: The Path to a Single Source of Truth
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Marketplace payments are complex and expensive The market opportunity for companies that automate payments for marketplaces, or any fast-growing multi-party platform, is huge. According to McKinsey, digital marketplaces are expected to account for about 60% of digital-commerce volume in the next few years reaching $9Tn. KYC/KYB, pay-in routing, tokenisation, split payments, reconciliation, multi-currency pay-outs - marketplaces usually require all these payments functionalities at once. As we see it, only mega-marketplaces, such as
Multi-Party Payments: The Path to a Single Source of Truth
Multi-Party Payments: The Path to a Single…
Multi-Party Payments: The Path to a Single Source of Truth
Marketplace payments are complex and expensive The market opportunity for companies that automate payments for marketplaces, or any fast-growing multi-party platform, is huge. According to McKinsey, digital marketplaces are expected to account for about 60% of digital-commerce volume in the next few years reaching $9Tn. KYC/KYB, pay-in routing, tokenisation, split payments, reconciliation, multi-currency pay-outs - marketplaces usually require all these payments functionalities at once. As we see it, only mega-marketplaces, such as