SMBs

Small and Medium businesses are privately owned corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation.

72% of Consumers Plan to Shop With Small Businesses This Holiday Season
72% of Consumers Plan to Shop With Small Businesses This Holiday Season
December 21, 2023  |  Digital Payments

Surpassing all expectations, consumers turned up in record numbers for this year’s Black Friday weekend, the traditional kickoff to the holiday shopping season in the...

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Many Independent Restaurants Remain Social Media Holdouts Despite Digital Shift
Many Independent Restaurants Remain Social Media Holdouts Despite Digital Shift
December 20, 2023  |  SMBs

Even as restaurants agree on the importance of being accessible via digital channels, many independent eateries continue to abstain from social media platforms, PYMNTS Intelligence...

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Lawmakers Seek Delay on Beneficial Ownership Rules Affecting Small Businesses
Lawmakers Seek Delay on Beneficial Ownership Rules Affecting Small Businesses
December 20, 2023  |  SMBs

A group of Republican lawmakers wants the government to delay new small business reporting requirements. Starting Jan. 1, many businesses will be required to provide...

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eCommerce Fuels 2024 Optimism for Main Street Small Businesses
eCommerce Fuels 2024 Optimism for Main Street Small Businesses
December 20, 2023  |  SMBs

The COVID-19 pandemic accelerated the shift to an eCommerce economy, resulting in historically high sales in 2020 and 2021. Almost all small- to medium-sized businesses...

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Meta Launches Small Business Partnership With India’s ONDC
Meta Launches Small Business Partnership With India’s ONDC
December 19, 2023  |  Meta

Meta has teamed with India’s ONDC to help smaller merchants do business on WhatsApp. The partnership with the Open Network for Digital Commerce (ONDC) is...

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One-Third of Small Business Will Pay to Receive Ad Hoc Payments Instantly
One-Third of Small Business Will Pay to Receive Ad Hoc Payments Instantly
December 19, 2023  |  Money Mobility

Non-recurring or ad hoc payments play a significant role in the monthly revenues of small to midsized businesses (SMBs). In fact, these payments make up...

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Xero and Flinks Partner to Enhance Banking Data Access 
Xero and Flinks Partner to Enhance Banking Data Access 
December 18, 2023  |  SMBs

Xero, a global small business platform, has partnered with Flinks, an open banking firm, to enhance banking data access for small businesses.  This collaboration aims to...

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Alternative Data Revolutionized Small Business Lending in 2023
Alternative Data Revolutionized Small Business Lending in 2023
December 18, 2023  |  SMBs

A lot can change in a year, particularly for the small- to medium-sized business (SMB) segment. And while change can be a constant, constant change...

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FinTech Bankruptcies and Speedbumps Prove Digitization Offers No Straight Path to Viability
FinTech Bankruptcies and Speedbumps Prove Digitization Offers No Straight Path to Viability
December 18, 2023  |  Business

There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has...

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