SMEs are often short on the time and manpower to visit bank branches to manage their finances, but a digital bank allows them to conduct such matters online.
Why banking innovation can change the game for small businesses
- Accounting digitalisation, direct e-payment access and cost savings by migrating to cloud can boost performance of SMEs
- Rise in peer-to-peer lending, smartphone biometric security and instant access to virtual banks among many initiatives
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Xero
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XERO
SMEs are often short on the time and manpower to visit bank branches to manage their finances, but a digital bank allows them to conduct such matters online.