Streamlined B2B payment services expanded with the introduction of the revolutionary 'Pay Now' product by Mondu
Mondu, a leading B2B fintech, has made a significant move in the European e-commerce market by launching its new account-to-account instant payment solution, Pay Now. This innovative product is set to revolutionise the way B2B transactions are handled, offering a seamless and secure checkout experience for buyers while providing merchants with a hassle-free integration.
According to Malte Huffmann, co-chief executive officer of Mondu, there is immense interest from existing customers in Pay Now. The new product allows buyers to pay directly from their bank accounts, providing flexibility for all, whether they are eligible for deferred payments or not.
The launch of Pay Now comes at a time when the European B2B e-commerce market is experiencing rapid growth, with digital B2B payments becoming a crucial tool. This shift in online sales highlights the increasing demand for flexible and streamlined payment solutions.
The European B2B Buy Now, Pay Later (BNPL) market is projected to grow at an annualized rate (CAGR) of approximately 8.3% to 9.0% during the period from 2025 to 2030. By 2029, the market value is forecasted to reach over USD 290 billion. In Germany, a key European market, the BNPL sector is projected to grow at a CAGR of 8.3% during the same period, increasing from around USD 62.27 billion in 2024 to USD 103.44 billion by 2030.
Mondu's Pay Now is the latest addition to its BNPL suite, which includes invoice payments, instalments, and digital trade accounts. This holistic proposition directly addresses the market needs, creating a comprehensive payment solution that caters to the evolving needs of B2B buyers and sellers.
Pay Now combines the flexibility of BNPL with the simplicity of instant payments, offering a unique value proposition. It eliminates the need for a separate A2A payment provider for merchants, as Mondu handles risk and fraud checks, provides payment confirmation, and manages all buyer communication.
Mondu is already working with leading retailers and marketplaces, including Notebooksbilliger, WirMachenDruck, GGM Gastro, Enpal, Autodoc, Solago, and Qogita. The company's goal is to continue providing a comprehensive payment solution that meets the demands of the growing European B2B e-commerce market, which is projected to reach $2.2 trillion by 2027.
In just three years, Mondu has become a prominent player in the European B2B payments industry. With the launch of Pay Now, the company is poised to further solidify its position and lead the way in the evolving B2B payments landscape.
The launch of Mondu's Pay Now instantly payment solution, a part of their BNPL suite, is set to leverage technology and provide merchants with a simplified integration for B2B transactions, while offering buyers flexibility in payments. The innovative product, set to revolutionize the European B2B e-commerce market, aligns with the growing demand for digital B2B payment solutions, as the market is projected to reach over $290 billion by 2029.
