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Visa Commercial Solutions | Knowledge Hub

VIDEO Powering small and medium-sized businesses (SMBs) in the digital-first world

How Visa's solutions can help businesses thrive and grow

Visa, alongside our partners, can help small and medium-sized businesses thrive and grow through our suite of digital solutions that enable them to effectively manage their operations, cash flow, and adapt to customer demands. These solutions are particularly valuable in the current digital-first world, where efficient financial and business management is crucial for success.

Digitisation is shifting the SMB mindset...

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Digital payments can bring growth

More than a third of SMBs (35%)1 say accepting new forms of payment is an opportunity to reach new customers.

Going cashless

Within the next two years, 51%1 of SMBs predict their business will shift to being cashless and 40%1 of shoppers predict they will shift to being cashless.

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In-person but touch free

The top contactless or digital payment options that SMBs planned to accept in 2023 are mobile payment apps (55%)1, mobile wallets (50%)1 and contactless cards (36%)1.

The world is their marketplace

79%1 of business owners cite expanding into new geographies as a focus for growth.

Reporting, tracking and analytics are key

Tools that can offer automation, spend management, as well as insights on metrics such as cash flow, revenue, stock, and campaign performance appeal to 78%+2 of business owners.

Sources

1. Visa, Global Back to Business Study, 2023

2. Visa, Small Business Pulse, 2023,

SMB resources

To learn more about Visa’s Small Business Solutions, please contact your Visa representative or speak to your bank or financial institution.

More business resources from Visa can be found at www.visa.com, and via the links below:

  • Visa small business hub
  • Visa's small business toolkit
  • Visa’s Global Back to Business Study
  • Video series: Shaping the digital transformation of SMBs
  • News: Visa accelerates support for small and micro businesses across APEC and globally

To learn more about Visa’s digital business solutions, please use the form below or speak to your bank or financial institution.

CONTACT US

B2B PAYMENTS ECOSYSTEM


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