How digital payments can benefit entrepreneurs

Abstract

Digital payments improve the speed and reduce the cost of payments between entrepreneurs and suppliers, employees, customers, and governments. Digital financial systems make it easier for entrepreneurs to access credit products to start and expand their businesses and encourage formal entrepreneurship by facilitating compliance with regulatory and tax obligations. Governments in developing countries can promote digital financial services by investing in the necessary physical and regulatory infrastructure and collaborating with private entities to offer training for potential users. ELEVATOR PITCH