SMEs and Startups

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Empowering SMEs: Customized Digital Banking Solutions for Small Businesses

By Harshavardhan Pusala In today's fast-paced and digitally driven world, small and medium-sized enterprises (SMEs) play a vital role in the global economy. As per world bank SMEs and mid-sized firms, constituting 90% of businesses and over 50% of global employment. SMEs are focal point due to the need for 600 million jobs by 2030 to accommodate the expanding workforce, contributing significantly to job creation, innovation, and economic growth. However, SMEs often face unique challenges, particularly in managing their finances efficiently. This is where customized digital banking solutions come to...