Visa is betting that Nigerian FinTech Moniepoint will accelerate growth for small- to medium-sized businesses (SMBs) in Africa. The global payments giant invested in the company to advance financial inclusion, shape the future of digital payments and foster SMB growth across the continent, according to...
The year 2024 began as a question mark for the smaller firms that are central to Main Street communities and that power the U.S. economy as a whole. Inflation, of course, remained top of mind — and, yes, that’s a key concern as 2025 takes...
Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use outdated cash management practices, which leads to pressure from delayed payments and inefficient processes. The PYMNTS Intelligence report, “From Cash Flow Pain...
J.P. Morgan Chase President and Chief Operating Officer Daniel Pinto is calling for more focus on relationships between small businesses and private credit providers. Pinto said in an interview Wednesday (Jan. 22) with Bloomberg Television that private credit’s funding of the sector requires attention as...
Conditions are improving for small businesses, at least with the uncertainty of the election behind them and a generally positive mindset about fundamentals ahead of them. However, access to credit, and in some cases the lack thereof, may determine whether these mainstays of the United...
Neobanks have gained momentum with the promise of helping consumers shift their financial lives fully online — with digital onboarding, speedier account openings and competitive rates on deposits and other offerings — in direct competition with traditional omnichannel financial institutions (FIs). Those same attributes are...
The legal battle over the implementation of the Corporate Transparency Act and its beneficial ownership reporting requirements is now taking place in the Supreme Court. The court is considering an application filed by the Department of Justice on behalf of the Financial Crimes Enforcement Network...
Small and mid-sized businesses (SMBs) are considering a switch from national banks to local financial institutions (FIs) like community banks and credit unions (CUs). While the convenience of national banks has traditionally been a strong draw, factors such as personalized service, lower fees, and better...
The Centre for Finance, Innovation and Technology (CFIT) said Tuesday (Jan. 7) that Mastercard and Lloyds Bank agreed to partner with it and fund its new industry-led coalition that will develop solutions to help the United Kingdom’s 5.6 million small businesses raise external finance. The...
