How Embedded Finance is Redefining Faster Payments for SMBs
Cash flow is the lifeblood of SMBs. Their success - and sometimes survival - hinges on their ability to get paid quickly. However, even with advancements in fintech over the last decade, many small businesses still don’t get paid on time. In fact, 64% of small businesses have outstanding unpaid invoices after 60 days and payments are expected to encompass so much more than a single transaction. Embedded finance is the key to improving SMB cash flow holistically, unlocking transformative benefits for small businesses that will power their success. Speakers on this session will provide an overview of the opportunities the payments industry can unlock with embedded finance and how it can fuel not only a smarter and faster, but more integrated and impactful payments experience. Additionally, speakers will share real world examples of small business customers, their unique payments needs and how payments/embedded finance leaders can solve these problems to drive the success rate of small businesses holistically.