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The Road To Recovery: Main Street SMBs And Closing The Cash Flow Gap

PYMNTS

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

Maine 183
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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

The boutique shops that lined Main Street USA, which got nearly all of their business face-to-face in their stores, expected that 2020 would be another great year. Today, nearly all SMBs (those that remain in operation, that is) have been forced to divert that sense of optimism into a battle for their survival.

Maine 232
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SatoshiPay Launches DTransfer For Quick X-Border Payments

PYMNTS

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. And it has signed its first client, a European business operating in sub-Saharan Africa in the microfinance industry.

Payments 248
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New PYMNTS/Visa Poll: SMBs Want (And Need) Instant Access To Payments

PYMNTS

Our surveys found that like most consumers and businesses, Main Street SMB owners thought in March that the lockdowns would last two or maybe three months tops. They want technology to expedite moving funds from their online sales into their bank accounts in real time. But even then, 58.4 percent of U.S. Cash Flow Woes.

Maine 234
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Pandemic Aside, SoftBank-Backed Travel Platform Klook Raises $200 Million

PYMNTS

Hong Kong’s travel and leisure booking platform Klook has closed a $200 million Series E funding round led by Aspex Management , with participation by Sequoia Capital China , SoftBank Vision Fund, Matrix Partners China and Boyu Capital , according to a press release.

Capital 241
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Uber Prepares For Battle In India With Ola As Main Competitor

PYMNTS

Both Uber and its main competitor in India, Ola, hold more than 70 percent of their revenue from only five cities in the whole country: Bengaluru, Hyderabad, Chennai, Delhi-National Capital Region and Kolkata. They’ve hosted protests in major cities, including Mumbai, Delhi, Bengaluru and Kochi. Government acceptance is also an issue.

Maine 100
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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking

PYMNTS

Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. The company operates a B2B online marketplace for the food and restaurant industry, allowing businesses to purchase goods directly from producers and distributors.

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