TH!NK

The sine qua non for growth

Jun 4, 2023, 05:00 AM by User Not Found

Worldwide trends suggest that the inability to accept payment by digital means will likely result in loss of business.

The world over, every trend is pointing to one thing: people are adopting new ways of paying for their goods and services. Those alternative means of payment are chosen for their ease of use, simplicity and security.

This change in consumer spending behaviour is irreversible, and payers are now expecting to be able to pay digitally everywhere they go. No longer limited by the cash they have in hand, customers who pay digitally enjoy a greater choice. What this means for you, as a business, is that growth could lie in whether or not you accept digital payment. All the data points to a future where payment in cash will be the exception rather than the rule.

Meanwhile, the world is steadily moving to the eventuality that your customers will expect you to make life easier for them, and this includes accepting digital payment. If you can’t provide them with an option that suits them, they will likely go where it’s easier to spend their money.

This also applies to tourists, a market with untold potential for SMEs. For many of them, paying digitally has become the norm, and if you’re not in a position to accept their payment, chances are you will miss out on their patronage.

As your banker and your partner in growing your business, we don’t want our SMEs to be left out of the payments digitalisation movement, and that’s why we strive to provide you with solutions that fit your requirements. As such, we are incredibly proud to launch Pay+, a payment acceptance solution specifically designed with SMEs in mind.

Pay+ has been developed in partnership with MIPS – Multiple Internet Payment System, a local Fintech we’ve supported since its creation, in line with our commitment to helping our customers grow. This partnership now allows us to do the same for you: provide an all-in-one solution that enables payment through the MauCAS system and through cards for both in-store and remote payments.

Digital payment solutions don’t only bring you more customers; they help you become more competitive by bringing efficiency and boosting your credit rating through the transparency it brings, which enables you to manage your sales more efficiently. Add to this the reduced cash handling costs, and you’ve got yourself a winner.

We hope the aptly named Pay+ will become your companion in your growth trajectory as you find that digital payment acceptance becomes the sine qua non for growth.

TH!NK

MCB Group

MCB Wave

MCB Group

MCB Focus

MCB Group

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