Today in Global Small Business: Get Ready for the Wave of Digitization

©iStock/metamorworks

What's affecting me, my clients, my colleagues and other global small business owners:

• A rapid wave of digitization over the last few years sparked a significant shift in how businesses make and receive payments. American Express introduces Global Pay, a B2B cross-border payment solution for small businesses.
• The market read the Federal Reserve wrong.  Here's how.
• Here are five things by Gene Marks in technology that happened this past week and how they affect your business.
• Quote of the week: "One of the factors that I believe is the biggest obstacle to transformation is the fear of cannibalization.”— Ganesh Ayyar, Mphasis
• As provided by Gene Marks, more than than 60% of world population will use digital wallets by 2026.  Get ready.
• IRS updates crypto questions for 2022 tax return to include gifts.

from The Global Small Business Blog https://ift.tt/HrW1bGx