London, September 10, 2022 – Leading fintech companies, Hokodo and Balance, have announced a
groundbreaking partnership to extend cross-border payment terms, revolutionizing the way businesses handle
international transactions.
With the global market becoming increasingly interconnected, businesses, especially small and medium-sized
enterprises (SMEs), face numerous challenges when dealing with customers and suppliers in different countries.
One significant hurdle lies in negotiating and agreeing upon suitable payment terms, such as the timeframe and
method of payments, that satisfy both parties.
Hokodo and Balance have forged a solution that will alleviate this burden by providing a unified platform for
businesses to define and manage their cross-border payment terms seamlessly. Using cutting-edge technology and
innovative algorithms, the partnership aims to simplify the payment processes and enable more flexible terms
that suit the specific needs of each business.
The key features of this exciting collaboration include:
- Streamlined negotiation process for payment terms, reducing administrative hassles and time-consuming
back-and-forths. - Integration with major global financial institutions, ensuring secure and reliable transactions.
- Comprehensive tracking and monitoring tools to manage payment schedules efficiently.
- Real-time notifications and alerts for upcoming payments, minimizing the risk of late or missed payments.
- Automated dispute resolution mechanisms, reducing conflicts and fostering healthier business relationships.
This partnership is set to revolutionize cross-border trading by providing businesses a level of transparency and
control over their payment terms that was previously unimaginable. By enabling SMEs to negotiate and agree upon
more favorable payment conditions, Hokodo and Balance are leveling the playing field and empowering businesses
to thrive in the global marketplace.
“We are excited to join forces with Balance and reshape cross-border payment processes. Our collaboration will
simplify and accelerate transactions, empowering businesses to focus on growth rather than administrative
burdens.”
The partnership between Hokodo and Balance has garnered significant attention and has already received positive
feedback from industry leaders. This breakthrough collaboration is expected to bring forth a new era of seamless
cross-border transactions, fueling economic growth and fostering international trade.
For more information about Hokodo and Balance, please visit their respective websites: