Bill.com, a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations, announced it now supports international payments to 137 countries and 106 currencies. Since the beginning of the year, Bill.com says that the number of transactions it processes increased 216 percent and total payment volume increased 258 percent. According to an August 2019 survey of small businesses commissioned by Bill.com and Barlow Research Associates, more than 20 percent of businesses transacting globally say they are making payments in five or more countries.
Bill.com simplifies the international supplier payment set up process with its AI-enabled Intelligent Virtual Assistant to meet the growing needs of small and medium-sized businesses. Bill.com is experiencing strong adoption from customers moving away from traditional payment methods to the Bill.com platform to send domestic and cross border payments. Now small or medium-sized businesses can reach across the world to markets as large as China and as small as Bhutan and make transactions in currencies from Euros to Kenyan Shillings through Bill.com.