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Worldwide, 1,5 trillion non-cash transactions today is expected to reach 2,3 trillion in 3 years. Is the global payment infrastructure ready? Read more about our thoughts on this topic in below article 👇 [https://lnkd.in/dUYtWt3M] #PaymentsInfrastructure #NonCashTransactions

Exciting news for SME'S!! Treasury confirms KESB110B of the KES 641B as verified and genuine bills. Pending bills have been a nightmare for many, and it must be a sigh of relief for SMEs struggling due to non-payment for services rendered. If the government pays out the 110B, the ripple effect on the economy will be significant. Apart from unlocking capital for thousands if not millions of #SME'S who have been significantly affected, It will help reduce the number of customers blacklisted by financial institutions and assist banks in cleaning up some of their NPL portfolios. #GovernmentPayments #EconomicImpact #SMEs ##Fincorploans ##smefinance #Bidbonds

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Commenting on the Treasury Committee report on SME Finance, Ravi Anand, MD #ThinCats: “The Treasury Committee is right to point out that banks’ ability to provide finance to SMEs will be diminished if the PRA goes ahead and scraps the SME supporting factor. Unfortunately, although the committee recognises that challenger banks and alternative lenders now account for 60% of total lending to SMEs, it does not make any recommendations on how these lenders could make a greater contribution, particularly non-bank lenders who do not have deposit holders to protect. An important change that could have a radical impact would be to enable non-bank lenders to source their funding at the same rates enjoyed by the banks, thereby reducing the cost of borrowing for SMEs. Secondly, when an SME is declined for a loan – usually by its incumbent bank – the bank is supposed to refer the SME to other potential lenders via the British Business Bank Referral Scheme. However, this scheme is not working as intended and should be reviewed, as currently many SMES give up their search for finance too soon, unaware of the potential alternatives.” #Helpingthemidsizedthrive

It has been found recently by a study by Aldermore Bank, that 72% of SMEs have some sort of outstanding late payment in 2024. Don’t delay taking action on your unpaid invoices - find out more and get a free quote here - https://zurl.co/64Pv #debtcollection #creditmanagement #cashflow #latepayment #commercialdebt #unpaidinvoices #b2bdebtrecovery

Pesa: #Redefining Global #Remittance Services: Pesa: #Revolutionizing Remittance Services for a Global Audience In today’s interconnected world, the ability to send and receive money across b... https://lnkd.in/dGngt78i

Did you know that cash in circulation has more than doubled since 2017? It's now at a whopping ₹35.15 lakh crore, up from ₹13.4 lakh crore in 2017. What are your thoughts on this? Do you prefer using cash or cards? Let us know below! #cash #cards #cashvscards #financefacts #finance101 #indianeconomy #rbi #reservebankofindia

Swift access to the right capital that helps you scale responsibly! At BCCUSA powered by Lendotics, we're doing our part to provide access to bank financing expeditiously. Last week we were able to help an IT consulting firm with a low rate interest-only LOC approval within 3 business day. This enables them to grow responsibly, utilizing and paying back their line as needed. 🚀🔥 Find out how we can help you too at BCCUSA.com #BusinessCreditConsultants #BusinessSuccess #BusinessGrowth #SmallBiz #BCCUSA #FinancialSolutions #Lending #TermLoans #Personalfinance #Loanapplication #Finance #Cashflow #Financialfreedom #FinanceInnovation

It has been found recently by a study by Aldermore Bank, that 72% of SMEs have some sort of outstanding late payment in 2024. Don’t delay taking action on your unpaid invoices - find out more and get a free quote here - https://ow.ly/6CKk50Tj7SW #debtcollection #creditmanagement #cashflow #latepayment #commercialdebt #unpaidinvoices #b2bdebtrecovery

Ever wonder how bill payments get from your account to the biller’s? Read our explainer on bill payment remittances. You can also provide feedback on proposed changes to Rule H6, the framework for processing bill payment remittances in Canada: https://bit.ly/4cCNGiP #SmarterPayments