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Swipe2B surpasses $2b of B2B supplier payments in the UAE

By Delisha Fernandes

September 22, 2023

  • B2B payment
  • B2B supplier
  • Bank Account
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Swipe2B, B2B supplier, business ecosystem, B2B payment, cash management, cash flow, SMEs, bank account, FinTech news, FinTech UAESwipe2B, a payment solutions provider in the UAE, surpasses $2 billion of B2B supplier payments. The solution unlocks liquidity and facilitates early payments for both buyers and suppliers.

As the economic hub of the Middle East, the UAE boasts a thriving business ecosystem and Swipe2B has emerged as a catalyst for growth and efficiency. The company’s innovative payment solution has redefined how businesses pay and get paid, providing an array of benefits for both buyers and suppliers across the UAE.

“At Swipe2B, we take pride in being headquartered in the UAE and serving the dynamic business community of this region. Our journey to the milestone of $2 billion in supplier payments underscores the trust our clients place in our innovative payment solutions,” said Amer Qavi, CEO and Founder of Swipe2B. “Our success story is not just about numbers; it’s about the positive impact we’ve had on businesses of all sizes.”

Swipe2B’s offerings resonate strongly with the UAE’s business community. Buyers in the region enjoy the privilege of extended credit terms, allowing them to optimize their working capital and cash flow. This extended credit period, spanning up to 55 days, enables businesses to allocate their resources more strategically and seize growth opportunities.

Meanwhile, approximately 2,600 suppliers enjoy early payments, boosting their liquidity, enhancing their financial stability and growth potential and eliminating the need to seek financing while they wait to get paid. This mutually beneficial solution also gives suppliers another payment method to offer their other clients. This not only financially strengthens SMEs but also contributes to the overall economic vitality of the UAE.

In addition to payments, Swipe2B’s unique solution includes supplier enablement services, ensuring that suppliers can receive payments instantly into their bank account without the need for anyone to tap, swipe or enter card details on a screen or terminal. Transactions are then automatically reconciled, freeing up resources to focus on more valuable and strategic tasks.

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