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Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
#FinTech #Covid19 #SMB
Fin-Tech is key enabler for SMB
As the nation recovers from the impact of the COVID-19 pandemic ,Fintech are reinventing to introduce digitally-driven business models, with this SMBs can leverage them to stay ahead of the curve. A report states, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began. Eighteen percent of them have had to cut their full-time staff, and 15 percent have lowered their workers’ salaries. The most recent evidence of the damage caused by the pandemic. Historically, access to credit for SMBs has been limited, as entrepreneurs try to build up a credit record to access available capital. With the emergence of the FinTech era is helping to break that cycle, enabling innovation in financial services to help SMBs flourish.
The new age fintech companies well understands the changing customer preferences. The digital evolution of the connected world will be critical in commercials payments and beyond. Looking at how quickly the entire world changed during the last 12 months – with new business models, new shopping methods and new payments plays exploding on the scene – there has been an unprecedented need for agility for corporate players looking to thrive in a constantly changing market. It will be a challenging time for businesses of all sizes, but the necessary change will ultimately create a stronger playing field. “I think that in order for the economy to accelerate at this pace, it needs to break out of some of the traditional ways of thinking about commercial payments. Going forward, Embedded finance is the next wave of lending that is likely to drive expeditious adoption and democratization of fintech in India and other growing economies.
Today's Headline in NewBy VARINDIA| 84 views
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आज का राशिफल 29 June 2024 AAJ KA RASHIFAL Gurumantra-Today Horoscope || Paramhans Daati Maharaj ||
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बारिश से खुली निगम की पोल, नाली का कचरा आया सडकों पर...इलाके के कई हिस्से में भरा पानी | Jagdalpur
INH, बारिश से खुली निगम की पोल, नाली का कचरा आया सडकों पर...इलाके के कई हिस्से में भरा पानी | Jagdalpur
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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India observes Independence Day with patriotic fervourBy PMOfficeIndia| 255227 views
Launch of Gujarat Election Campaign in Ahmedabad
Launch of Gujarat Election Campaign in Ahmedabad.
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Launch of Gujarat Election Campaign in AhmedabadBy Indian National Congress| 171724 views
Hemant Soren Bail News: हेमंत सोरेन को Jharkhand High Court से मिली बड़ी राहत, मंजूर हुई जमानत
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Hemant Soren Bail News: हेमंत सोरेन को Jharkhand High Court से मिली बड़ी राहत, मंजूर हुई जमानतBy PunjabKesari TV| 7128 views
Thank you, David Warner, for the countless thrills and moments of pure joy.
Thank you, David Warner, for the countless thrills and moments of pure joy.By CricTracker| 1424 views
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