In a strategic move, digital banking service Vivid and global payments platform Adyen have teamed up. Their collaboration has resulted in a unique card acquiring solution. It allows small to medium-sized businesses (SMBs) to accept card payments and instantly access their earnings.
This development caters to the increasing demand for swift, flexible payment solutions in businesses across the European Union. Instant access to funds post-transaction can significantly boost a business’s cash flow. For smaller companies, immediate funds access can be vital for daily operations.
The new solution could be a game-changer for SMBs. It simplifies their competition in the fast-paced digital economy. The solution eliminates a significant growth barrier by facilitating instant funds access post payment acceptance.
A Boost for European SMBs
With this innovative card acquiring solution, Vivid and Adyen aim to streamline the payment process for SMBs. Businesses no longer have to wait days or weeks to access earnings from card transactions. This is particularly beneficial for businesses grappling with cash flow management. It enables them to operate smoothly without fretting over payment delays.
Furthermore, this solution could foster a more inclusive and competitive business environment within the EU. By removing a major SMB hurdle, it levels the playing field.
The Vivid and Adyen partnership reflects the rising trend of digitalisation in finance. It underscores the crucial role of innovative solutions in addressing the unique needs of today’s businesses.
