Swedish FinTech Payer launches beta test program with B2B merchants

By Megha Bhattacharya

Stockholm-based Payer Financial Services today announced that it has developed a new registration product for improving customer relationships. The product enables e-commerce merchants to verify new customers as trustworthy so they can make their purchases with ease. Payer today launched a beta test program with several B2B merchants.

“B2B expectations for a better buying experience online is clearly driven by modern consumer-facing apps and software that are light-years ahead. Payer is determined to lead the development of the end-to-end payment chain for B2B. Our new product solves the conversion and onboarding of new customers for merchants, as well as recognizes recurring customers at checkout,” said Peder Berge, founder and CEO of Payer.

Payer is a licensed Swedish payments company focused on digital B2B payments for large corporate customers on a pan-European and global basis. Payer simplifies payments between companies. The company’s payments platform for B2B e-commerce aims to help companies to create payment experiences online, which creates sustainable relationships and increases their sales.

“Invoicing is clearly the preferred method of payment across the globe. But it’s still not fully digital and user-friendly. Most of the manual processes both on the customer and merchant end of a purchase should be effectively removed. This product does exactly what both target groups are looking for,” said Johanna Stridsberg, product owner at Payer.