But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX, said the industry must first take a look in the rearview mirror.
“To understand what’s on the horizon for B2B payments over the next five years, you have to first look back at the past five years,” he told PYMNTS in a recent Masterclass video interview.
What the past five years have demonstrated, he said, is the value of bank-FinTech collaboration in both promoting innovation in B2B payments solutions and encouraging adoption of those tools.
So, what does that say about the next five years? More of the same, Dearborn said, although the pace of innovation will be much faster.