Digital Garage is partnering with WIREBASE to jointly roll out the B2B payment service DGFT Invoice Card Payment for the construction industry. The initiative aims to improve cash flow affected by advance payments for materials and subcontracting costs.
Digital Garage (Shibuya-ku, Tokyo) has partnered with WIREBASE (Minato-ku, Tokyo) to begin jointly rolling out DGFT Invoice Card Payment for the construction industry. The initiative will help construction businesses improve cash flow and streamline payment operations.
In the construction industry, rising material and labour costs, together with the need to pay for materials and subcontracting costs before collecting construction revenue, have created cash-flow challenges. The two companies aim to address these issues by combining the operational expertise developed through business platforms such as Myaku-raku with Digital Garage’s payment technology.
Specifically, the companies aim to improve cash flow affected by advance payments for materials and subcontracting costs through the joint rollout of DGFT Invoice Card Payment. By combining Myaku-raku’s operational expertise with payment solutions, they seek to improve the efficiency of cash collection and payment operations at construction sites.
The initiative will combine Digital Garage’s payment technology with WIREBASE’s business platform to improve cash flow and operational efficiency in the construction industry.