By helping SMBs survive the pandemic, POS solution providers will preserve their client bases.The sudden drop in earnings, which may continue if pandemic conditions don't improve soon, could lead to wide-scale small-business closures in the coming months, and medium-sized businesses may be facing similar risks since the prolonged nature of the crisis is likely cutting into any additional resources and funds they have access to.
The pandemic's impact on SMBs poses a problem for POS solutions providers, since SMBs are a key client segment. POS solution providers should provide solutions that meet SMBs needs for digitization, operational changes, and financial support during the pandemic.
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