BNP Paribas and Billie, a leading Payment Services Provider have announced the start of their European partnership.
As a strategic banking partner, BNP Paribas will now support Billie's payment processing and cash management in Germany, the Netherlands, Sweden, and the United Kingdom. The integration of additional countries will follow shortly, making the partnership a key component of Billie's pan-European expansion strategy.
"We aim to offer all business customers a seamless shopping process and access to their preferred payment method - no matter when and where they shop," says Christian Grobe, Co-Founder and Co-CEO of Billie. "We are pleased to have an experienced banking partner like BNP Paribas by our side. The bank supports our mission to become the new standard for B2B payments and simplify the shopping experience for all business customers in Europe."
With over 450,000 business customers using Billie's solution, the Berlin-based fintech is the fastest-growing Buy Now, Pay Later provider in the B2B sector in Europe, and BNP Paribas is contributing to this growth.
"Billie's technology-driven solution provides both business customers and merchants with a first-class user experience by seamlessly integrating into the checkout process. The European presence of Billie and its expansion-oriented business model align perfectly with BNP Paribas," says Roger Berger, Head of Fintech at BNP Paribas Germany.
Sven Johannesmeier, Cash Management Sales for Payment Service Providers at BNP Paribas Germany, adds: "Through BNP Paribas' scalable network in individual countries, we ensure the highest standards of customer orientation and market-leading payment processing. In this way, we support Billie and its business customers on a European level."
Via Billie, online shops can offer their business customers the most popular payment method in B2B commerce: digital Pay by invoice. With Billie, companies can purchase goods with payment terms of up to 120 days, while merchants receive the purchase amount directly upon shipment. Billie complements the cash flow management of both merchants and business customers alike. Additionally, Billie verifies buyers in real time during checkout, protecting merchants from payment default and fraud risks. B2B sellers can offer flexible payment terms to their customers and reduce credit risk and administrative burden associated with trade credit to zero.
About Billie
Billie is the new standard for B2B payments. With its pioneering Buy Now, Pay Later (BNPL) solution, the Berlin-based fintech allows business customers to purchase goods now and flexibly defer payment to a time that suits their individual needs best––whether they shop online, in-store, via phone or email. At the same time, merchants get paid upfront while benefiting from full payment default risk protection as well as higher conversion rates and basket sizes in their checkout.
Billie is the B2B BNPL solution of choice for established brands and ambitious growth companies. To date, more than 450,000 business customers have already paid via Billie. www.billie.io
About BNP Paribas in Germany
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 63 countries with around 183,000 employees, including nearly 146,000 in Europe. The BNP Paribas Group has been active in Germany since 1947 and has successfully positioned itself on the market with twelve entities. Private customers, companies, and institutions are looked after by roughly 6,000 employees in all relevant economic regions all over the country. The wide-ranging products and services offered by BNP Paribas are that of an innovative universal bank. www.bnpparibas.de
