Allianz Trade has reportedly launched Allianz Trade pay, a new range of services fully dedicated to B2B e-commerce activities.
Allianz Trade pay is described as “a payment solution with a range of services dedicated to B2B e-commerce activities, including a trade credit insurance protection, a fraud module, a digital buyer onboarding solution and instant financing solution through one of our financial institution partners.”
Allianz Trade pay reportedly “brings simplicity, security, flexibility and competitiveness to the e-commerce ecosystem thanks to comprehensive and easy-to-set-up products.”
Supporting the rapidly growing B2B e-commerce space has been an integral part of Allianz Trade’s strategy for several years.
After having developed a unique and pioneering e-commerce credit insurance and formed multiple partnerships with e-commerce players and leading financial institutions, the world’s trade credit insurer says it “goes one step further.”
Allianz Trade now announces “the launch of Allianz Trade pay, a payment solution with a range of services dedicated to B2B e-commerce activities which includes not only an instant financing solution through our partners, but also a digital buyer onboarding solution, an online fraud risk management and mitigation system and trade credit insurance at checkout.”
With its e-commerce credit insurance, Allianz Trade says it “offers real time coverage against non-payment risks to B2B marketplaces, BNPL providers and e-merchants.”
Allianz Trade is now gearing up “to accelerate and go further in order to support more efficiently the B2B ecosystem and to adapt its offer to the rise of e-commerce trade flows.”
As such, Allianz Trade launches Allianz Trade pay, “a wide set of solutions dedicated to all e-commerce players, from credit insurance to instant financing and KYB processes.”
Concretely, Allianz Trade pay gathers already existing tools along with brand-new services.
Among the already existing solutions, Allianz Trade pay offers:
- An e-commerce credit insurance: this solution powers real-time customer credit online, allowing B2B e-merchants to grant payment terms to their clients while being protected from the risk of non-payment.
- An instant financing solution for domestic operations: Allianz Trade’s B2B BNPL partners provide the full BNPL value chain up to the payment immediately powered by Allianz Trade API connection. When a buyer purchases online, the e-merchant receives immediate payment for the purchase, while the BNPL provider will chase the payment of the buyer. In case of a buyer’s’ inability to pay, Allianz Trade provides the insurance cover to the BNPL partner.
- An instant financing solution for multinational operations: Allianz Trade’s multi-country and multi-currency instant financing solution for multinationals works in a similar way as the domestic option, but also involves a financial partner, paying the e-merchant for online transactions in real-time.
On top of this, Allianz Trade pay is also bringing some innovative solutions to the market:
- A buyer onboarding solution: this service is a ‘company search’ module at check-out. It supports e-merchants in their KYB process by checking the identity of the buyer through open-banking technologies and Allianz Trade’s large and deep database, which contains financial, commercial and strategic information on +83 million companies worldwide.
- An insurance covering fraud risks: this service provides e-merchants with more security by protecting their business against financial losses caused by identity theft by fraudulent parties impersonating legit companies.
- A plugin for companies using a CMS: all the solutions described above are easy to set up. To benefit from these, companies using a CMS will simply need to add a plugin to the source code of their B2B e-commerce platform, allowing the solution(s) to be live.