European bank and sustainability leader BNP Paribas has partnered with Billie – the B2B payments provider delivering Buy Now, Pay Later (BNPL) services to businesses – marking the start of a pan-European partnership.
Per the deal, BNP Paribas will now support Billie’s payment processing and cash management in Germany, Sweden, the Netherlands and the UK. More countries across Europe will soon be integrated as well, making this alliance a key component of Billie’s pan-European expansion strategy.
As for BNP Paribas, the partnership comes as part of its drive to support the future of innovation in financial services with investments and collaborations.
BNP Paribas & Billie: Growth in B2B payments
What’s more, the deal represents a significant milestone for Billie, which has grown to support over 450,000 business customers with its solution. Based in Berlin, Billie is one of the fastest-growing BNPL providers in Europe’s B2B sector today, and now, BNP Paribas will help contribute to this growth.
Roger Berger, Head of Fintech at BNP Paribas Germany, says: “Billie’s technology-driven solution provides both business customers and merchants with a first-class user experience by seamlessly integrating into the checkout process.
“The European presence of Billie and its expansion-oriented business model align perfectly with BNP Paribas.”
Sven Johannesmeier, Cash Management Sales for Payment Service Providers at BNP Paribas Germany, adds: “Through BNP Paribas’ scalable network in individual countries, we ensure the highest standards of customer orientation and market-leading payment processing.
“In this way, we support Billie and its business customers on a European level.”
Billie: Pioneering Pay by Invoice
Today, Billie is offering business customers one of the most popular payment methods in B2B commerce, Pay by Invoice. This means companies can purchase goods with payment terms reaching up to 120 days, while merchants receive the purchase amount directly at the point of shipment.
It is in this way Billie compliments cash flow management for both merchants and business customers.
All the while, Billie says that security is front-of-mind, verifying buyers in real-time during checkout, effectively protecting merchants from fraud risks and the possibility of payment defaults.
Billie’s collaboration with BNP Paribas follows its partnership with Adyen in February this year, where Billie provided it with the tools to help businesses and their partners overcome payments hurdles in B2B commerce.
For BNP Paribas, its partnership with Billie comes as it looks to support innovation beyond what are fast-becoming traditional fintech practices.
Pay by Invoice is an emerging vertical in the fintech space, and BNP Paribas’ support highlights its own commitment to support the breadth of technologies for financial services.
