Qsec Retail Weekly: Consumer Demand Slows in Europe, MENA Accelerates Omnichannel
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Securing loans or credit has never been easy for small and medium-sized businesses SMBs .Now, InstaReM, the SMB and consumer operation of Singapore-based FinTech Nium, is offering a solution to get these companies access to cash.Dubbed BizPay, the online platform enables businesses to use their corporate cards as a funding source for supplier payments. The new servi <a href=https://www.stanleycups.co.nz>stanley cup nz</a> ce converts corporate card credit limits into capital to help businesses make commercial rent, utilities or other supplier payments.With BizPay, the business inserts <a href=https://www.stanley-cup.cz>stanley cup</a> the name of the recipient, amount and payment currency and charges the payment to their corporate card. In this way, InstaReM said SMBs gain control of costs by eliminating fees and charges associated with other credit solution options.Once a business includes their corporate credit card as a payment source on the BizPay platform, payments can be made to any corporate entity. In these unprecedented times that call for frugality like never before, the opportunity to maximise cash flow using resources that are already available is invaluable, Sanjiv Razdan, global head of commercial payments for Nium, said in a st <a href=https://www.cup-stanley-cup.ca>stanley cup</a> atement.Even before the pandemic, 61 percent of Singapores SMBs had low credit standings and fewer than 15 percent had access to the credit they required in the fast growing economy, the company said. Added delays in payments caused by the COVID-19 havent helped this lack of credit access.Most Singapore companies issue corporate credit cards t Urmf Defense Firm Charged in Procurement Scam
With a partnership between TransferWise and聽Groupe BPCE, customers of the European banking group will be able to use TransferWises inte <a href=https://www.stanleycups.cz>stanley hrnek</a> rnational money transfer service directly through the company app. In addition, TransferWise will have access to the banking groups 15 million retail clients, Reuters reported. TransferWise has a mission to make money move around the world as fast and as cheaply as email, TransferWise co-founder and chief executive Kristo K盲盲rmann said in a statement. This partnership is a momentous step on that journey. The pairing marks the first time that a large banking group in Europe will offer TransferWises service directly through its own app. TransferWise, which seeks to provide banks with a less expensive and easier alternative to money transfers, said it transfers a little more than $2 billion each month for more than three million users. In recent times,聽TransferWise 鈥斅爈ike other FinTech companies 鈥斅爃as sought to work with banks in order to reach customers quicker.The news comes a little more than <a href=https://www.stanleycup.com.de>stanley kaufen</a> a year after聽TransferWise brought a new service to market that allowed its customers to use Facebook to send money around the world via its chat application. The London-based payments company also announced that it has developed a chatbot that can help users b <a href=https://www.cups-stanley.fr>stanley quencher</a> oth communicate with businesses and complete transactions with them.TransferWises chatbot is able to send money to and from the United States, Britain, Canada, Australia and Europe from Fac
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