Proxtera is working with a number of other entities, including the Monetary Authority of Singapore, on the rollout of an open financial education and action program intended for Asian and African micro-, small- and medium-sized enterprises (MSMEs). According to the Tuesday (June 28) press release,...
At a time when there are solutions that allow payees to access their funds within 30 minutes of disbursement, and sometimes within seconds, disbursements are still more commonly delivered by methods that can take several days. These delays are especially taxing for microbusinesses — entities...
The online marketplace economy has thrived during the pandemic as sellers have flocked to platforms to reach larger audiences for their goods and services. Seventy-eight percent of entrepreneurs and 62 percent of Main Street businesses — those generating up to $10 million in sales — in one September 2020 PYMNTS study reported using...
FinTech dltledgers has formally launched its SmartFIN program, which uses a blockchain-based system for connecting microbusinesses and small- to medium-sized businesses (SMBs) that are seeking trade financing with non-bank lenders. The Singaporean company stated on its website that a prospective borrower can register in the...
July 11, 2024
Embedded lending can help microbusinesses and small businesses grow and maintain smooth operations despite unstable cash flows. However, PYMNTS Intelligence’s latest study finds that relatively few microbusinesses and small businesses currently take advantage of this lending solution. In fact, fewer than one in five respondents used it in the last year. The data highlights unmet […]
March 30, 2021
Open banking has become a welcome disruptor in the payments ecosystem. It has made it easier for financial institutions (FIs) and retailers to create innovative products that rely on secure...
December 10, 2020
Consumers and microbusinesses have access to many disbursement options, yet they receive a significant share through legacy methods such as paper checks or digital methods that are non-instant. This is...
November 16, 2020
Payments speed is a crucial consideration for today’s consumers and microbusinesses when receiving disbursements, with PYMNTS’ research finding that more than half of the former and roughly 70 percent of...
