4 payment solutions to empower small and medium enterprises
In the Asia-Pacific region, micro, small, and medium-sized enterprises (MSMEs) represent over 97% of businesses and are crucial for economic growth and innovation.
These MSMEs exhibit varying levels of financial literacy, technological adoption, channel preferences, and growth ambitions. This diversity encompasses everything from single-location shops to multi-channel retailers and solely e-commerce merchants. Consequently, banks and merchant acquirers face challenges in customizing payment solutions to meet the diverse needs of MSMEs.
