As we get closer to the new year, the team at Melio has shared key trends that they believe are shaping the B2B payments landscape. Melio commented on what we should expect to see in 2025.
In 2025, Melio noted that we should expect to see the following Fintech focused trends:
- Shift Toward Digital Payment Methods – Companies will replace traditional methods like checks with digital payments such as ACH transfers, virtual cards, and real-time payments. Cloud-based payment platforms will also gain traction and offer scalability and integration with ERP systems. Additionally, for cross-border payments businesses will adopt solutions to minimize foreign exchange fees and improve tracking.
- Embedded Finance & Streamlined Accounts Payable and Accounts Receivable Solutions – Payment solutions will be increasingly embedded into enterprise software, accounting tools, and procurement systems to streamline payment processes and improve the user experience. Automation of accounts payable (AP) and accounts receivable (AR) will reduce manual errors and processing times and virtual card acceptance and real-time payments will grow.
- Adoption of Real-Time Payments – Real-time payment solutions will enable businesses to process transactions instantly, improving cash flow and enhancing transparency. Increased payment limits by The Clearing House and the introduction of services like the U.S.’s FedNow Service and global equivalents will accelerate this trend.
Melio says that its mission is to keep small business in business.
When they started Melio, they reportedly wanted to “build more than an efficient Accounts Payable tool.”
They wanted to build a service that helps small businesses “keep up with business.”
A B2B payments experience that not only “saves time but also significantly improves cash flow.”
A payment workflow so simple it helps businesses “focus on their customers, not their back office.”
As covered earlier this year, Melio, an accounts payable and receivable platform, announced multiple new features for small and medium-sized businesses and accountants to automate processes, boost control of payments, and improve cash flow management.
These features enable accountants, bookkeepers, and financial advisors “to improve clients’ cash flow with faster domestic and international payments, provide greater control through custom approval workflows on both desktop and mobile, and save time with automatic sync to accounting software and AI-powered bill capture.”
Matan Bar, Melio’s CEO and co-founder said this is their most extensive upgrade of their product since the company was founded. He said their goal is to empower business owners by providing them advanced payment features that support growth.