Digital payments and credit need stronger protection for small firms

Small businesses benefit from faster payments and easier credit, but digital systems also create new risks: account takeover, false links, automatic deductions and unclear dispute resolution. Owners should use separate business accounts, limit access, reconcile settlements and train staff to verify payment requests.\n\nLenders and payment providers should give understandable terms, timely alerts and a route to a human representative. A service that is fast at approval but slow at correcting an error can create serious working-capital pressure.\n\nMSME Post will report the safeguards that make financial technology usable for small enterprises.