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The opportunity for banks to bring BNPL to small, medium-sized enterprises

December 6, 2023

According to the U.S. Small Business Association, small businesses make up 99.9% of the nation’s business landscape. With such a large pool, one would expect that seamless access to financial services would be fairly easy to come by.

But that isn’t necessarily the case. In fact, according to Capgemini’s 2022 World Payments Report, 89% of small businesses feel underserved by their primary banks and are considering a shift to a more accommodating alternative payments technology provider. That’s because these alternative providers are often able to offer more flexible underwriting criteria and repayment terms at an only slightly higher interest rate.

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