In Sluggish Payments, Who’s To Blame: FIs Or SMEs?
PYMNTS
APRIL 15, 2016
If the cleaner, who essentially operates as his own small business, receives payment in cash, that doesn’t mean he can actually use that cash to pay suppliers until he makes a trip to a physical bank branch. The obvious argument is for financial institutions to improve their faster payments systems. Don’t use a check.’”.
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