The SME Finance Forum (SMEFF) in São Paulo this year provided valuable insights for small and medium enterprises (SMEs) navigating the evolving payments landscape.
Notably, Jan Smith,Co-Founder of KoreFusion, participated in a panel discussion sharing insights on these topics. As SMEs adapt to these trends, KoreFusion remains committed to providing support and strategies for success in the changing financial landscape.
Here are some key takeaways we gathered from SMEFF 2024:
Digital Transformation: SMEs must embrace digital tools to enhance efficiency and customer engagement, enabling faster transactions and streamlined processes.
Financial Inclusion: Ensuring access to essential financial services for underbanked SMEs was a crucial focus, with fintech partnerships highlighted as vital in promoting inclusion.
Alternative Payment Solutions: The growing popularity of mobile wallets and cryptocurrencies underscores the need for SMEs to diversify payment options to meet consumer preferences.
Regulatory Landscape: Navigating regulatory challenges is essential for growth, with calls for collaboration between financial institutions and regulators to support SMEs.
Sustainability: The trend towards sustainable finance urges SMEs to adopt environmentally responsible practices, opening new funding opportunities.
Data-Driven Decisions: Leveraging data analytics empowers SMEs to make informed decisions and enhance competitiveness.
For more information, please contact information@korefusion.com!