Hitachi Payment Services, a payment solutions provider, has launched a FinTech platform for India’s microbusinesses and small- to medium-sized businesses (SMBs), the company announced in a Monday (Jan. 24) press release. The India-based company said in the release that the platform was built in cooperation...
Small- to medium-sized businesses (SMB) make up the backbone of economies. That statement is hard to challenge considering the abundant data available showing the significant contributions these businesses make to boost economic activity worldwide. In the United Kingdom, for example, SMBs represented 99.2% of the...
Small business banking suffers from a “square peg, round hole” problem. Michael Rangel, CEO of challenger bank Novo, told PYMNTS’ Karen Webster that small- to medium-sized businesses (SMBs) — notably, the smallest among them — are an afterthought for the marquee names in banking, the...
The Indian online lender Indifi Technologies is working with Google to offer instant loans to small merchants through the Google Pay platform. According to published reports Friday (Jan. 14), the partnership is designed to help micro, small and medium enterprises (MSMEs) gain access to working...
As Main Street small- to medium-sized businesses (SMBs) go, so goes the economy at large here in the United States. And, if the sentiments expressed in the Main Street Merchant Index, done in collaboration between PYMNTS and Melio, are any indication, a sanguine attitude abounds,...
Successful Main Street business owners have always had to be resourceful and quick-thinking, but these capabilities have been tested more than ever during the past two years. Despite two years of upheaval, Main Street business owners look forward to the year ahead, hoping it will...
Will 2022 be the year of the “Scooby Doo” ending when FinTechs reveal their true ambition to dominate small and medium-sized business (SMB) banking at the expense of legacy banks? It’s a funny way of posing a serious question that’s intensified throughout the pandemic as...
Uber and Visa are teaming up to launch Grants for Growth, a program offering $1 million in funding and resources to small businesses in 10 U.S. cities that are currently active on Uber Eats. The scheme is being administered by the Local Initiatives Support Corporation...
Small restaurants’ challenges in the pandemic have not been alleviated, with the highly contagious omicron only adding to their problems, The Wall Street Journal reported Saturday (Jan. 9). Higher costs, bigger debts and consumer fears leading to emptier businesses have all piled onto restaurants. Restaurant...
