PayTechs replace banks as most important business partners for SMEs

PayTechs replace banks as most important business partners for SMEs

Research by FinTech firm YouLend has found PayTechs and website and webshop providers have overtaken banks as the most important business partner for SMEs.

Transforming the SME Episode 2: SMEs in the Digital Economy

The Digital Age is upon us and SMEs must catch up by being more efficient in their processes. But how do SMEs overcome challenges such as the lack of scale or knowledge to benefit from digital technology? Who are partners in the SME ecosystem that can guide them on their digital journey? For these insights and more, catch the second instalment of the ‘Transforming the SME’ series on Channel NewsAsia.

The paytechs that consumers and businesses are using instead of banks

The SUMMIT is Canada’s premier payment conference. On April 26 – 28, 2022, The 2022 SUMMIT brought together the best thinkers, visionaries and disruptors to discuss the future of payments in Canada and around the globe. Explore how modern payments will create new opportunities for us as a nation, as an industry, and as individuals. Learn more at

Surinderjit Kaur (Jeet) Bhatti, Co-Founder, Fathom4sight Inc.
Sue Britton, Co-Founder, Fathom4sight Inc.

We have seen and heard about new entrants competing with incumbents, but who is actually getting traction? What do they offer that incumbents don’t? This presentation will provide an accurate view of the paytechs that are challenging incumbent business models and traditional offerings.

Funding the UK’s Growth Engine: Four Ways to Close the SME Lending Gap

SME’s play a critical role in the UK economy. However, a shortage of adequate financing is constraining their growth. In this video, L.E.K. London partner Peter Ward explains why banks are reluctant to lend to SMEs and explores 4 solutions that lenders could adopt in order provide the finance that SMEs so desperately need.

Read more about the SME lending gap issue in our Executive Insights here:

The changing payments landscape in Asia | The Paytech Show

Banking Circle’s Mishal Ruparel caught up with The Paytech Show to discuss the fast-evolving payments landscape across Asia.

With consumers shifting away from cash throughout the region, SMEs and merchants need access to financial solutions such as real-time payments and flexible lending to keep pace with the digital revolution.

Find out more at:

Catch more episodes of The Paytech Show at:

By admin
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.