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Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA). BayanPay was founded in Riyadh in 2018.

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Bureaucratic Fuel Is Pushing B2B Payments Toward Digital

PYMNTS

Spanish authorities recently launched an online platform that government contractors can use to submit electronic invoices. Other European countries — for instance, Italy and Germany — have taken similar steps, and the European Union is backing that push toward more digitization for B2G and B2B invoicing and transactions.

B2G
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Dutch Government eyes mandatory B2G e-invoicing in 2016

The Paypers

(The Paypers) Based on the EU directive 2014/55/EU, all public contracting authorities and the suppliers have to be able to receive e-invoices as from 2018.

B2G
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The US Government’s eInvoice Mandate: Better Late Than Never

PYMNTS

But it’s a significant milestone nonetheless that federal regulators will be required to pay suppliers via eInvoice by the end of fiscal year (FY) 2018, meaning 19 million invoices government agencies pay every year will have to be electronic. Of all the regulatory changes occurring in the U.S. This is a significant mandate because the U.S.

B2G
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How Government Procurement Can Foster Private Sector Cybersecurity

PYMNTS

” Reports at the time highlighted the National Health Service (NHS), hit by the infamous WannaCry attack in 2017, with subsequent research by the Financial Times ( FT ) finding that one-quarter of NHS trusts in England and Wales failed to allocate any money on cybersecurity training in 2018. government business.”