Kapital Bank and the world leader in digital payments Visa has launched a Visa B2B Connect payment network in Azerbaijan. This service allows Kapital Bank and its corporate, as well as business clients, to send and receive cross-border payments between enterprises quickly, safely and with less operating expenses.
Visa B2B Connect eliminates existing restrictions, significantly reducing the time of calculations. The platform also enhances the transparency and predictability of the transaction flow, offering suppliers and buyers the ability to track the status of payments from the sending bank to the recipient bank almost in real time, improving and simplifying the accuracy of transactions, as well as reconciliation and cash flow management.
Improved safety and protection against fraud are also key features of this unique platform. With this innovative payment solution, Kapital Bank will help strengthen the local business and digital transformation of the country. Currently, Visa B2B Connect technology is available by more than 80 markets throughout the world.