HBX Group is set to start rolling out a B2B payments platform designed for the travel industry.
The company, which operates a B2B travel technology marketplace and has a presence in 170 countries, said in a Tuesday (April 15) press release that it will launch the new HBX Group eWallet in Spain this month and then start expanding it to Organization for Economic Cooperation and Development (OECD) countries in June.
The HBX Group eWallet operates similarly to a digital wallet for consumers but is designed for B2B payments, according to the release. It allows companies to store and manage payments and facilitates instant, cross-border transactions between companies.
Beyond payments, the B2B eWallet also offers integrated financing, invoice access and full transaction traceability, the release said.
Daniel Nordholm, chief product and new business officer at HBX Group, said in the release that the new platform is aimed at “modernizing B2B payments in the travel…