The P2P sharing economy has revolutionized the way we access products and services. By allowing companies and consumers to deal directly with one another, platforms like Airbnb and Getaround have forged an entirely new business model. It is also a lucrative one, as P2P marketplaces collect a healthy commission on every deal. This model creates certain payment complexities, however. Indeed, payments are one of the most pressing issues facing the industry, significantly impacting business growth.
When ecommerce payments need to be split, things quickly get complicated. Dividing a transaction manually drains time, resources and money. If the recipients operate in different regions, varying financial regulations and currency exchanges come into play. SlicePay ensures even the most complex transaction is settled with minimum hassle.
In the video below I explain it in more detail.