PYMNTS-MonitorEdge-May-2024

SMB

View the latest news, analysis and trends in main street small business, their digital shift and key insights from main street businesses and innovators

Today In Payments: Uber India Lays Off 600 Amid COVID-19; With Startup Valuations Down, VC Firms Seek Deals
Today In Payments: Uber India Lays Off 600 Amid COVID-19; With Startup Valuations Down, VC...
May 26, 2020  |  News

In today’s top news, Uber lays off 600 workers in India, venture capital firms seek acquisitions amid lower prices, and economists are beginning to forecast...

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PPP Loan Demand Peters Out Amid SMB Confusion
PPP Loan Demand Peters Out Amid SMB Confusion
May 26, 2020  |  Loans

First the rush to get in – and then, perhaps, the rush to get out. Since debuting on April 3, the Paycheck Protection Program (PPP)...

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Xero Partners With Transferwise To Help SMBs With Cash Flow
Xero Partners With Transferwise To Help SMBs With Cash Flow
May 25, 2020  |  B2B Payments

New Zealand cloud accounting startup Xero​, is collaborating with British payments startup Transferwise to offer a wider suite of financial tools to help small-and-medium-sized businesses...

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Today In Payments: China Drops GDP Target; Dubai Creating Free Trading eCommerce Zone
Today In Payments: China Drops GDP Target; Dubai Creating Free Trading eCommerce Zone
May 22, 2020  |  News

In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating...

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Survey: Three Quarters Of Dubai SMBs May Shutter By October
Survey: Three Quarters Of Dubai SMBs May Shutter By October
May 22, 2020  |  Economy

In what could be among the most devastating economic impacts of COVID-19 overseas, a survey revealed 75 percent of Dubai businesses said they expect to close within the...

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Facebook Grant Money To Prioritize SMBs Owned By Women, Minorities And Veterans
Facebook Grant Money To Prioritize SMBs Owned By Women, Minorities And Veterans
May 22, 2020  |  Facebook

Facebook COO Sheryl Sandberg announced Thursday (May 21) that the social media giant would be awarding $20 million to U.S. businesses owned by minorities, women...

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Pelosi, House Look To Overhaul SMB PPP Relief Loans
Pelosi, House Look To Overhaul SMB PPP Relief Loans
May 20, 2020  |  Loans

Businesses struggling to stay afloat amid the coronavirus pandemic but shut out of stimulus programs could see renewed relief as Speaker Nancy Pelosi (D-Calif.) and...

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More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
May 19, 2020  |  Loans

It’s no secret that the federal Paycheck Protection Program (PPP) has had a rocky few weeks since initially launching in early April. There were the...

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Tide Capital Now Able To Distribute BBLS Loans To SMBs
Tide Capital Now Able To Distribute BBLS Loans To SMBs
May 18, 2020  |  B2B Payments

Tide Capital, now accredited as a lender, will have the authority to distribute loans between £2,000 and £50,000 during the coronavirus pandemic to struggling businesses....

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