Q4 in Review: October, November and December 2022

What has Bivial achieved so far in Q4?
During the fourth quarter, Bivial AG had a significant expansion of its international payment capabilities with the launch of dedicated USD and GBP Accounts. This addition enables digital companies, including online merchants, advertising networks, marketplaces and influencers, to collect, hold and disburse USD and GBP directly via their corporate Bivial account. The accounts are designed for businesses seeking to expand globally and can be used in tandem with Bivials existing international payment capability in more than 90 countries and over 80 currencies through Bivial's payment dashboard and application programming interfaces (APIs).

What is more, Bivial is scaling its cloud-based infrastructure to support its online transactional platform using Amazon Web Services (AWS). Since its launch in early 2022, Bivial has attracted hundreds of online businesses from various online sectors. AWS's highly scalable services enable Bivial to meet legal and technical requirements, including financial and data protection regulations in Switzerland. The collaboration with AWS allows Bivial to offer scalable, fully API-enabled multi-currency accounts, virtual IBANs and corporate expense cards to businesses seeking global payment and digital disbursement solutions.

As Bivial continues to expand its partnerships, it has participated in several events during the last quarter of 2022. Back in October, the Bivial team attended the Reflect Festival, one of the biggest tech and entrepreneurial events in Europe and the Middle East. Martynas Bieliauskas, CEO of Bivial, took part in a discussion panel led by Ugne Buraciene, Bivial Advisor and Group CEO of payabl. The panel featured a diverse group of panelists representing multiple facets of the cross-border payment landscape, and it focused on navigating the complexity of cross-border payments, staying ahead of future trends in the industry as well as exploring how businesses seek more efficient, fast, cost-effective, and secure cross-border international payment solutions. Additionally, Bivial Chairman Mihkel Vitsur had the pleasure of co-presenting a talk on how banks and crypto companies are co-evolving to serve a changing world alongside Arina Dudko, Head of Corporate Payment Solutions at CEX.IO.

What to expect in 2023?
With the financial world constantly moving forward, consumers need new ways to pay online while businesses look for innovative solutions to expand their business. Bivial aims to bridge the gap between online companies and traditional brick-and-mortar financial institutions.

To do that, the first step is expanding the partner network, payment methods and corridors, including DLT payments. Crypto has been a rising trend in every segment of the digital world, as it’s often lower-cost, frictionless, and faster. For merchants, this is a very attractive proposition, and Bivial holds a significant advantage, as Switzerland is one of the few countries where the conversion of crypto asset transactions enjoys a clear and legal framework.

This also implies creating a resilient and dynamic environment in which Bivial can easily adapt to new paytech changes. Understanding the client’s needs is the backbone of any successful business, and Bivial will continue to grow and provide new integrations, using data to create more personalised services that would benefit all merchant clients.

Looking forward to what 2023 has to offer!