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Established in 2003, PrimeRevenue has grown to become a leading name in the world of B2B payments. Facilitating $300 billion in global platform commerce annually across over 100 countries and supporting nearly 60,000 suppliers, PrimeRevenue’s digital-first solutions enable businesses to optimise their cash flow, strengthen supplier relationships and increase operational efficiency.
With growing complexities and challenges in the global finance sector, and businesses being burdened by manual processes and legacy payment systems, PrimeRevenue rolled out its new Payments-as-a-Service (PaaS) solution in 2024 to address these pain points.
This solution has seen broad adoption among firms, driving tangible benefits including strong financial and operational performance. Recognising this value-addition, The Digital Banker felicitated PrimeRevenue with the award for ‘Best B2B Payments Initiative – Cross Border’ at the Global Cards & Payments Innovation Awards 2025.
A flexible, scalable solution
Designed to address the challenges posed by traditional payment systems – risk, friction and inefficiencies – PrimeRevenue’s platform offers a secure, scalable and fully integrated suite of solutions. Businesses benefit from simplified payments across multiple ERPs, currencies and banking relationships, without the need for any major system overhauls.
What’s unique about this platform is that unlike point solutions, it connects the entire payments ecosystem — working capital, payments execution, and actionable data insights — on a single, automated platform. Built-in AI and machine-learning capabilities accelerate bank onboarding, centralise data infrastructure, enable suppliers to convert payments into local currency, and digitise and automate rebate payments. This helps finance teams streamline approvals, reduce operational burden and strengthen supplier trust through real-time visibility and flexible funding options.
However, the platform doesn’t just deliver efficiency for its customers – it is also rooted in security and trust – with robust protection measures put in place. The platform delivers a secure experience through centralised bank data verification, which enables clients to mitigate fraud risk and ensure accurate payments. It also has rigorous compliance controls in place, as well as real-time visibility into invoice and payment status for both buyers and suppliers, thereby reducing uncertainty.
With 66% finance leaders worrying about fraud in digital payments, according to PrimeRevenue’s own customer survey, these security features help enhance customer confidence in the platform, while also building a resilient, secure payment infrastructure for all.
Measurable benefits
PrimeRevenue’s clients have positive feedback for the platform, with companies experiencing accelerated cash flow with suppliers getting paid 80 days faster on average, automation of the payment process with reduced reliance on manual work, and improved supplier relationships.
The PaaS solution also allows organisations to consolidate and automate supplier payments from a single interface, freeing up resources and enhancing visibility across global payment workflows. Moreover, the centralised collection, verification and maintenance of supplier bank data eliminates manual “human firewall” tasks and reduces the risk of payment fraud – ensuring data integrity across the network.
Next in the pipeline
To continue keeping up with the evolving payments landscape, PrimeRevenue proactively invests in cutting-edge capabilities to keep its solutions up-to-date. As the company looks ahead to 2025–2026, several key innovations are in development or early rollout, all aimed at advancing payment modernisation, increasing efficiency and delivering measurable value across finance and procurement functions. These include continuing to leverage AI to accelerate onboarding, centralise data infrastructure, allow suppliers to convert payments into local currency and digitise and automate rebate payments. PrimeRevenue is also rolling out DeferPay – a flexible payment solution where suppliers are paid on time without discounts, buyers defer payments without extending terms or taking on debt, and funders benefit from new yield-generating opportunities.
With these innovations, PrimeRevenue hopes to deepen its value across finance and procurement functions, while shaping the next generation of digital B2B payments.