A new partnership between DNB and Two is aiming to reshape the Nordic B2B payments landscape through artificial intelligence (AI), as financial institutions increasingly target one of the least digitized segments of global commerce.
The collaboration introduces an AI-powered Buy Now, Pay Later (BNPL) solution for businesses across the Nordic region, combining DNB distribution and leading Norway’s banking infrastructure with Two‘s real-time credit and payments technology. The offering is designed for webshops, marketplaces, and digital sales channels, where companies can access instant invoice-based payments with flexible terms ranging from 30 to 90 days.
At the core of the solution is real-time AI-driven credit assessment, which eliminates manual onboarding and paperwork. Businesses can “trade on invoice in seconds,” while merchants receive same-day settlement, with both partners absorbing the credit risk.
Per Kristian Næss Fladset, Group Executive Vice President at DNB, emphasized the transformational potential of the partnership, stating that “the B2B payments space is ripe for transformation,” adding that the collaboration enables a “faster, smarter, and more flexible” experience for business customers.
Similarly, Two’s leadership highlighted the broader infrastructure gap in global commerce. Two CEO Andreas Mjelde noted that the “rails that global B2B commerce runs on are overdue for a rebuild,” positioning the partnership as a step toward setting a new standard for digital trade.
The move comes amid rapid growth in B2B payments, both globally and across digitally advanced regions such as the Nordics. Total B2B payment volumes reached approximately $186 trillion in 2025 and are projected to surpass $224 trillion by 2030, underlining the scale of the opportunity. Meanwhile, global B2B e-commerce was valued at $19.34 trillion in 2024 and is expected to more than double to $47.54 trillion by 2030.
Despite this growth, the sector remains heavily reliant on legacy processes. Up to 80% of small and medium-sized enterprise (SME) invoices are still handled manually, creating inefficiencies and delays that fintech players are now targeting. In the Nordics often seen as a leader in digital payments, this gap highlights the untapped potential for automation, AI-driven underwriting, and embedded finance solutions.
The DNB–Two partnership aims to address these inefficiencies directly. By integrating credit, payments, and risk management into a single flow, the solution enables merchants to increase conversion rates by 10–30% while reducing administrative costs tied to invoicing.
Beyond immediate operational gains, the initiative signals a broader strategic ambition: positioning the Nordic region as a global benchmark for modern B2B payment infrastructure. As banks and fintechs increasingly collaborate, such models could serve as a blueprint for digitizing business payments worldwide.
