This article was translated from its original version in spanish, and it was written in the context of our virtual event "Financial Inclusion Cycle for SMEs 2023".
The digitization of business is here to stay, and along with it, the movement of money between people and companies around the world has also gone digital. In this article you will learn how financial technology companies support SMEs to digitize and internationalize their businesses, and we will delve into one particular type of service: digital payments.
Information Technology (IT) has become a driver for the global economy, especially during and after 2020, when numerous SMEs and startups in Latin America went digital and moved to the global market thanks to the use of these technologies.
As we explained in this article on financial technologies, there are different types of companies within this sector, dedicated to generate solutions for different administrative challenges: there are payment platforms, financial management, insurance, credit, crowdfunding, factoring and reverse factoring, among others. In the following image we see some of the existing services in the market and how they support the digitization and internationalization of companies.
Rodrigo Lama, CBO of Global66 joined us today in the second session of the Cycle of Financial Inclusion for SMEs. He explained to us that all these digital solutions are very useful for companies that want to scale and internationalize, however he puts three services in particular as the indispensable ones that every SME should evaluate: digital payment services, digital financial management services, and credit and financing services, due to the agility and savings that entrepreneurs can obtain.