Swedish Fintech Payer Launches Beta Testing For New E-Commerce Product

Payer Financial Services, a Sweden-based fintech, announced on Monday it has launched beta testing for its new B2B e-commerce product. Founded in 2007, Payer states it has delivered smart and secure payment solutions for e-commerce. The company claims to be one of the leading Nordic fintech companies with focus on e-commerce between companies.

We simplify payment between companies by giving you the power to create fantastic buying experiences – before, during and after the payment.”

Payer now has a product suite that enables users to “sell more and efficiently” across all channels, including its digital European invoice and billing service, as well as card payments (PCI DSS Level 1), bank transfers, alternative payment methods, and etc. Speaking about the company’s product development,  Peder Berge, Founder and CEO of Payer, stated

“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.”

Payer’s latest product does not have a name, but the company noted it was developed to meet market expectations for “better buying” experiences in the B2B e-commerce segment. Johanna Stridsberg, Product Owner at Payer, added:

“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.” 

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