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...
More than one-third of United States workers have now undertaken freelance gigs of some kind, from driving for rideshare platforms to offering ad hoc design and writing services to acting as grocery couriers. Gig economy participants have not been immune to the pandemic’s global impacts,...
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 instant payments. Open banking has also powered microbusinesses seeking to expand but lacking the ability to process international payments. While the phrase “open banking” has […]
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...
September 17, 2020
The pandemic has shaken many consumers’, banks’ and merchants’ financial foundations, but microbusinesses have been hit especially hard. These companies, which can be run by solo entrepreneurs or teams of...
