(BPT) - Since the onset of the COVID-19 pandemic, digital payments have become an essential tool for many entrepreneurs. New data from the Small Business and Entrepreneurship Council’s latest business survey highlights the value that new entrepreneurs place on the importance of electronic payments. Among new business owners who started a business during the pandemic, 87% said that access to electronic payment options was important. Additionally, access to electronic payments tied for first (68%) as the most important tool or technology in starting a new business.
Combine SBEC’s data with the fact that over the past two years the U.S. saw the fastest growth in entrepreneurship in our nation’s history and it’s easy to understand why so many businesses have made the switch to accepting digital payments: it’s what their customers demand.