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All Posts Tagged With

SME

Credit Cards

Virtual Banks and What It Means for Hong Kong SMEs

Since January this year, the Hong Kong Monetary Authority has issued 8 new virtual banking licenses, with the latest batch released last week.

Posted on 
May 14, 2019
  by
Kevin Kang
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Reap News & Announcement

What kinds of expenses can I use Reap to pay?

Reap allows individuals and businesses to pay for any verified goods or services globally (~40 different currencies) even if the receiving side doesn’t accept cards.

Posted on 
May 7, 2019
  by
Daren Guo
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Growth Opportunity

When your business should take on debt

As business owners, taking on debt can be an effective of managing your cash flow. Whether you need it for business expansion (eg. hiring more people, buying more supplies, getting a bigger office space), or simply to provide peace of mind in case of unexpected delays in customer payment collection, external capital injections are an important part of operating any business.

Posted on 
Apr 26, 2019
  by
Daren Guo
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Credit Cards

How to pay rent with your credit card in Hong Kong and Singapore

In Hong Kong and Singapore, credit cards continue to dominate as the payment method of choice for almost all online transactions. This makes sense as unlike other payment methods (eg. cash, bank transfers, checks) credit cards come with a unique combination of security, rewards and convenience.

Posted on 
Apr 16, 2019
  by
Daren Guo
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Leadership

運用私人貸款成就你的創業大計

創業絕非易事,找尋合適的資金來源往往是創業之初的一大艱鉅挑戰。如果你的銀行帳戶並無巨額儲備,你便需要從其他途徑找尋所需的現金,方能順利實踐大計。 小企業為公司籌組資金時,有多種借貸的形式和途徑可以選擇,例如:備用信貸、銀行融資、另類借貸人、私募基金和眾籌等等。但私人貸款呢?你能用私人貸款來營商嗎?

Posted on 
Apr 12, 2019
  by
Kevin Kang
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Reap News & Announcement

Automate bill pay with Reap Payment Schedule

Let’s be honest, remembering to pay your recurring bills and expenses is not the most exciting task in the world. What if there was a way to automate your large business expense payments similar to the way your phone bill, Netflix or Spotify subscription are paid?

Posted on 
Apr 2, 2019
  by
Daren Guo
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Leadership

【一起創業吧!】6個創業家必備條件

不少人心中都有一團做老闆的火,但對於創業前要作的準備和籌劃的過程卻未必了解,今次阿睥就和大家分享一下創業前的注意事項和條件,希望大家能創出自己的一片天!

Posted on 
Mar 29, 2019
  by
Daren Guo
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Managing Money

Looking For Short-Term Cash Flow Solutions in Hong Kong? What Option Is Right For Your Business

If you have an immediate cash flow problem, then the quickest fix might be a short-term financing solution. It’s the fastest way to get money in your bank account if you don’t plan on receiving any large revenue payments within the next day. Find out in this article, the 3 best options for your business in Hong Kong for short-term cash flow solutions.

Posted on 
Mar 28, 2019
  by
Kevin Kang
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Productivity

Automate accounts payable so it can help generate more revenue for your business

Automation is the way of the future, allowing companies to focus on running their business rather than spending time with manual processes. Whether you are looking to increase the efficiency of your accounts payable department or if you are just getting started in business, the benefits of automating your A/P far outweigh the costs.

Posted on 
Mar 25, 2019
  by
Daren Guo
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Payment Security

Payments security 101: Explaining payment tokenization

For companies that accept credit and debit card payments, a breach of confidential customer data is among the most serious risks they face. Failure to protect data leads to financial costs, customer defections and loss of reputation all of which affect bottom line and public perception.“Tokenization” is a super-buzzy payments term and what it does is pretty simple adds an extra level of security to sensitive credit card data.

Posted on 
Mar 21, 2019
  by
Daren Guo
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Cross Border Payment

Cross Border Payment Options for SMEs for Hong Kong

For a large number of small to medium businesses here in Hong Kong, cross-border or international commerce is a large part of their day-to-day operations. This includes both selling and buying from international counterparties. What this means for businesses, is that they will constantly face issues with FX, remittance, transfers and dealing with foreign payment costs that are not always be clear. So it becomes important to understand what the options are when it comes to sending money overseas for business purposes.

Posted on 
Mar 14, 2019
  by
Kevin Kang
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Reap News & Announcement

Reap Cross-Border Payments Feature Available Now

Today, we're extremely excited to launch Reap cross-border payments to 40 different countries across the world.

Posted on 
Mar 13, 2019
  by
Daren Guo
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Payment Security

Payments security 101: Why payment platforms need to be (at least) PCI compliant

Digital payments remain at the forefront of tech progress in the banking industry. But with the advancement of payment tools, a variety of payment platforms, and hundreds of payment providers, the security of digital payments remains a top priority for consumers.

Posted on 
Mar 12, 2019
  by
Daren Guo
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Credit Cards

How do I get a Business / Corporate Credit Card as a SME in Hong Kong

As your small business grows, your management needs will, too. You’ll have more employees, more invoices to pay, more accounts receivable. And you may have too many authorized users on your small-business credit card. At that point, it may be time to change from a small-business card to a corporate credit card.

Posted on 
Mar 7, 2019
  by
Kevin Kang
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Credit Cards

Top 6 ways credit card spending can reduce overall expenses

In an environment of growing competition for small businesses, establishing processes around cost controls and spending visibility is an integral part of the path to profitability. Investors, regulators and long-term customers have expectations and demand for more disciplined spending in the relevant areas and growth oriented businesses are now turning to credit cards (commercial and personal) to help with their expense management process.

Posted on 
Mar 4, 2019
  by
Daren Guo
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Managing Money

Why Won’t Your Suppliers Accept Credit Card Payments? And How To Change Their Mind

According to PRNewswire.com, virtual card payments make up 50% of all B2B payments. Suppliers are accepting virtual card payments now more than ever before, but many still rely on outdated payment methods because they believe the fees don’t outweigh the benefits. Despite the most common objections for refusing to accept card payments, virtual cards offer clear benefits suppliers simply can’t ignore.

Posted on 
Feb 27, 2019
  by
Kevin Kang
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Managing Money

Cash Flow 101: How to forecast and manage cash flow

In the first article of this series we talked about why businesses should worry about measuring cash flow instead of profit. Today, we want provide a walkthrough of how small businesses can actually measure cash flow with minimal accounting knowledge.

Posted on 
Feb 24, 2019
  by
Daren Guo
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Credits & Loans

Is It Better to Get a Business Loan or a Business Line of Credit?

Small and medium sized business owners often will face this question when they have achieved a certain level of scale, and are considering options to finance their continued growth.

Posted on 
Feb 21, 2019
  by
Kevin Kang
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Managing Money

Working Capital Calculator - Demystifying what working capital means for your business

The general definition of working capital is the amount of money used for financing the day-to-day operations of a business. However, what does this definition actually mean in practice? Is it the amount of money in the bank account of your business? Is it the amount sitting in the cash register?

Posted on 
Feb 17, 2019
  by
Kevin Kang
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Managing Money

Cash flow 101: Why you should worry about cash flow instead of profit

82% of businesses fail due to poor cash flow management. Especially If you are a new SME (where cash management is especially challenging), it should be a key area of focus as you get your business up and running.

Posted on 
Feb 13, 2019
  by
Daren Guo
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Cross Border Payment

Going global : SME working capital financing for cross-border trade

As a nation with a relatively smaller domestic population, Singapore businesses have always thrived on being able to enter global markets. This ongoing trend of internationalisation is largely driven by Singapore’s advancements in innovation

Posted on 
Feb 1, 2019
  by
Kevin Kang
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Managing Money

Cash is Still King: How startups can manage and improve their cash flow

Startups live and die by their cash. According to a recent CB Insights study of 101 startup failures, running out of cash is the second biggest reason why startups fail, ahead of having the wrong team, competition, and pricing issues.

Posted on 
Apr 19, 2018
  by
Kevin Kang
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