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Why the pursuit for ever-growing profit margins has opened the door to Square and other small business disruptors

October 18, 2021
  • Financial Institutions continue to pursue higher profit margins by focusing on commercial clients. In the process, they have neglected the small business market -- opening the door to disruptors.
  • Square saw an opportunity: In 2009, they introduced a dongle-style card reader to simplify card payment acceptance -- addressing an ongoing pain point for small business owners -- and gained a foothold in the small business market that continues to widen.

Daily Tearsheet

Fintech news, curated by Tearsheet

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Partner News & Events

News & events, submitted by the Tearsheet Community

  • Virgin Money launches free digital money management for SMEs (source) November 26, 2020
  • Payrailz Launches Lower My Bills, powered by BillShark (source) January 11, 2021
  • DecisionLogic implements Fiserv’s real-time asset verification (source) January 11, 2021