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Security Bank has launched Security Bank Collect, a new digital payment channel empowering micro, small, and medium enterprises and corporate clients to seamlessly accept a wide range of online payments, including major credit and debit cards, along with popular e-wallets.
“This platform not only broadens the spectrum of payment options available to merchants but also streamlines the This solution was developed to address common challenges faced by MSMEs, such as limited payment options, manual reconciliation, and high transaction fees.
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Financing needs of MSMEsMICRO, small and medium enterprises (MSMEs) also contribute a large part to our country's economy. According to the Department of Trade and Industry in 2022, MSMEs comprise 99.5 percent of the 1.109 million business enterprises and 90.5 percent of these MSMEs are micro enterprises. MSMEs contribute 5.
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