Simplifying the financial lives of small- and medium-sized enterprises is at the heart of everything we do at Mondu. With this in mind, we're chuffed to announce a new collaboration with Primer that will allow merchants to offer Mondu's Buy Now, Pay Later solution at checkout. Primer is the world’s first automation platform for payments and commerce. Their no-code framework enables merchants to easily build ideal Workflows and connect any payment or commerce service with just a few clicks.
Addressing the growing demand for B2B payment innovation
Invoice payment is by far the most popular payment method in the B2B sector but digitalisation in the industry has been slow to materialise. While 95% of B2B trade businesses want invoice payment as an option when buying goods in an online shop, just 45% of B2B merchants offer it to new and existing customers.
This presents a significant opportunity to enhance the experience of stakeholders at both ends of B2B transactions. Sellers desire faster payouts, higher sales, better conversion rates, and operational efficiency; buyers want greater flexibility when managing their cash flow and settling purchases.
Purchase Now, Pay Afterwards for online B2B checkouts
Mondu’s Buy Now, Pay Later solution helps address the payment needs of B2B trade businesses, while also minimising their operational burden. As one of Primer’s Connection partners, Mondu is helping merchants realise their full potential – B2B merchants who offer Buy Now, Pay Later in their online checkout stand to increase their revenue by up to 30%.
Primer provides merchants with the underlying infrastructure for all services – including Mondu – across their entire payment and commerce stack. Merchants can then add as many services and tools as they like, based on their business and customers' needs. This partnership will help merchants quickly build their ideal payment and commerce flows, drive sales, and enable them to focus on their business growth.