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B2B Payment Network

Definition

A B2B payment network facilitates transactions directly between businesses, often leveraging digital ledger technology for enhanced efficiency and transparency. Such networks streamline wholesale payments, supply chain financing, and inter-company settlements, moving away from traditional, often slower, banking intermediaries. The system is designed to handle high volumes and values, providing verifiable and immutable records of financial exchanges. This can significantly reduce operational costs and processing times for corporate entities.