Small businesses have small capital if any capital at all. You need to stretch your money for as long as you can. Unfortunately, after filing all the paperwork, taking out a lease, buying equipment, and setting up the utilities you still have to do marketing. You look at your budget and there’s a big fat […]
With PESONet and InstaPay’s fast growth due to lockdowns during the pandemic, the Banko Sentral ng Pilipinas (BSP) has designated the two major digital fund transfer systems as Prominently Important Payment Systems (PIPS). BSP closely supervises and monitors PIPS pursuant to the National Payment Systems Act to protect the economy and the public. PIPS refers […]
As a small business owner who was still on the fence about using mobile payments for my small business, the pandemic has erased any of my doubts. Many traditional business owners, like me, suddenly found their establishments effectively hemmed in by the Great Lockdown. The familiar ring of the cash register was just a distant […]
What is online insurance? Another branch of fintech that has taken off is online insurance. Now as a small business owner, you might ask, “Do I need insurance for my employees.” The answer is yes, you need insurance for your employees and business if you want to keep growing and be protected. You can buy […]
More Filipinos are fast becoming digital savvy as one of every three retail payments went digital in 2021 according to the Banko Sentral ng Pilipinas (BSP). At the height of the lockdowns, Filipinos used various fintech services to pay and transact in the safety of their homes said the BSP. Digital payments grew to 30.1 […]
The CoVid 19 pandemic has devastated millions of businesses and careers around the world. Previously impregnable sectors such as food, clothing, and shelter took a beating. Companies had to close shop and workers were given the pink slip. But there is a silver lining. The Fintech industry’s march to growth barely missed a beat. With […]
Giving clients long payment terms can be a competitive edge. But small businesses often don’t have the financial muscle to bear this burden. Enter online invoice factoring. A financial service that fintech companies are beginning to take online is invoice factoring. This is another means of quickly opening up your cash flow online which small […]
As a small business owner, you may have the habit of checking out the competition and other businesses. You may have noticed a few customers waving their smartphones at funny-looking pictures, which are called QR codes. What the customers are doing is making a payment through their e-wallets. What is an e-wallet, you ask? For those […]
Consider this: many small business owner, like you and me, are financially fragile: The median business with more than $10,000 in monthly expenses has only about two weeks of cash on hand a recent US survey showed. That’s daunting news for small business owners everywhere. We need to tip the scales in our favor. Technology […]
Invoicing is one of those tasks that we, small business owners, love to hate. We know it’s essential. We just don’t like the tedious process of converting cost estimates to invoices. There are too many numbers to think about. Not only of the billable amount but the payment terms, taxes, discounts, quantities, and dates. With technology […]
