DHL ’ S FINTECH INNOVATION
DHL AND PAYFORT
3 . Faster payments , consistency and ease for the supplier
Adopting fintech solutions as a supplier allows for quicker and cheaper methods of acquiring payments , as well as faster reorders allowing for improved scheduling and being more accessible and visible to buyers .
Other benefits for the supply chain industry include finance opportunities for equipment and inventory . Within logistics and supply chain there is a consistent need for inventory and equipment , however the procurement process comes with challenges . With fintech evolving at a fast pace the procurement process is expected to become easier and more productive .
While buyers and suppliers can benefit from fast and easier payment methods , so can drivers . Fintech solutions can provide the capability for digital check deposits and digital payment transfers to pay drivers . Finally , supply chains and logistics can benefit from the digitalisation of the manual billing process and invoicing services that fintechs can provide .
DHL ’ S FINTECH INNOVATION
Breaking into the fintech space , DHL – in the last few months – has been partnering with leading fintech companies to provide innovative payment solutions to its customers .
DHL AND PAYFORT
Towards the end of 2019 , DHL announced a new partnership between DHL Express ( North Africa ) and Amazon ’ s PAYFORT , to provide its customers in the region the ability to complete shipment solutions online and in their local currencies , while protecting them against fraud and other security concerns .
123 fintechmagazine . com