B2B Payments: How Businesses Move Money Globally

Business-to-business (B2B) payments are crucial for global commerce, yet they remain hindered by outdated systems like paper checks and legacy wires, resulting in inefficiencies and high operational costs. These transactions, which involve large sums and complex approval processes, rely heavily on banks and financial institutions to provide stability, security, and compliance, although their legacy infrastructures often prioritize functionality over speed. Payment service providers (PSPs) and technology platforms aim to improve the efficiency and user experience of B2B payments by providing integration with enterprise systems and offering real-time visibility, but they still depend on traditional banking rails. The Circle Payments Network (CPN) offers a modern solution by connecting banks, PSPs, and enterprises on a programmable infrastructure that enables real-time settlement using stablecoins, providing a bridge between the world of crypto assets and traditional finance. This evolution is essential for overcoming the challenges of high transaction costs, fragmented data, limited automation, and liquidity constraints, fostering a more efficient and scalable B2B payment landscape.