01:56 PM EDT, 09/25/2024 (MT Newswires) -- Bill Holdings ( BILL ) said Wednesday it is rolling out new offerings that aim to make payments faster and easier for small and midsize businesses and accountants.

The company said the new capabilities include a new international payment option, Local Transfer, which will allow businesses to make same-day international payments to vendors in their local currency without going through intermediary banks and incurring related fees. This option is now available in 15 countries and will soon be expanded to 40 countries, Bill said.

The company also said that enhancements to its instant payment and invoice financing payment offerings are now available. The new instant payment option allows businesses to pay their vendors in the US "within minutes," while a new invoice financing process provides businesses with access to financing of up to $100,000 "in as little as 5-10 minutes," Bill said.

Bill shares were down 2.7% in recent trading.

Price: 51.47, Change: -1.43, Percent Change: -2.69