Alibaba.com Integrates Billie’s BNPL Solution

The implementation of Billie in Alibaba.com's checkout is a strong commitment by the B2B marketplace to even more user-centric payment processing. With Billie, Alibaba.com’s business buyers can purchase goods and defer payment for up to 30 days. At the same time, suppliers selling on Alibaba.com receive payment upon the shipment of goods, making Billie’s payment method a beneficial tool for the cash flow management of both sellers and buyers. This is possible because Billie performs real-time credit approval of buyers at checkout. This way, Billie can offer flexible payment terms to business buyers and at the same time reduce their own credit risk and administrative burden of commercial credit collection to zero.

The first Alibaba.com markets to go live with Billie are Germany, Austria and Sweden, with other markets to follow in the coming months. This refers to the countries of the buying companies.

The demand for Payment by invoice has always been immense among business customers,” says Patrick Kuehl, Head of Strategic Partnerships,at Alibaba.com Germany. “We are therefore all the more pleased that with Billie, Alibaba.com B2B buyers can now enjoy the benefits of state-of-the-art digital invoice purchasing. With this new partnership it is now even easier for SMEs to source globally – and the perfect time to explore Alibaba.com’s March Expo which offers millions of new products and innovations to make digital, cross-border purchasing as seamless as possible.

The technical implementation of Billie’s B2B BNPL solution into Alibaba.com’s checkout was enabled by Billie’s integration with Klarna, underlining once again the successful collaboration between the two companies as well as their joint effort to bring a holistic Buy Now, Pay Later offering to buyers across the globe.

Rolling-out our B2B BNPL solution on Alibaba.com is undoubtedly a major milestone for Billie,” says Mauro Miotto, VP Partnerships at Billie. “It demonstrates that leading e-commerce platforms are embracing the necessity of offering BNPL solutions to their business buyers. It also highlights the power of our partnership with Klarna, to serve global brands and retailers and enable cross-border B2B e-commerce.

About Billie

Billie is the new standard for B2B payments. With its pioneering Buy Now, Pay Later (BNPL) solution, the Berlin-based fintech allows business buyers to purchase goods now and flexibly defer payment to a time that suits their individual needs best––whether they shop online, in-store, via phone or email. At the same time, merchants get paid upfront while benefiting from full payment default risk protection as well as higher conversion rates and basket sizes in their checkout.

Billie is the B2B BNPL solution of choice for established brands and ambitious growth companies. To date, more than 400,000 business customers have already paid via Billie.

About Alibaba.com

Launched in 1999, Alibaba.com is a leading platform for global business-to-business (B2B) e-commerce that serves buyers and suppliers from over 200 countries and regions around the world. It is engaged in services covering various aspects of commerce, including providing businesses with tools that help them reach a global audience for their products and helping buyers discover products, find suppliers and place orders online fast and efficiently. Alibaba.com is part of Alibaba International Digital Commerce Group.