SMEs are the bedrock of many economies, not just that of the U.S. With that in mind, PYMNTS thought it was time to check in with small businesses across the globe. This week, we break down the latest statistics on SME health, optimism and finance for markets in the U.S. and beyond, including the U.K., Australia and South Africa.
84% of U.S. SMEs visit bank branches to make deposits, according to a new survey by Mercator Advisory Group that examined how small business owners interact with their banks. Their 2016 Small Business Payments and Banking Survey found that, after teller deposits, SMEs visit their physical bank branches to make ATM deposits (47 percent). And while nearly all small businesses surveyed said they visit a bank branch regularly, only about a fifth said they regularly meet with an actual bank relationship manager when they go. According to Mercator analysts, small businesses are waiting on their banks to improve their online and mobile banking services as they look
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