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Credit Card Companies Increasing Competition for Small Business Customers

May 24, 2024


Credit card companies are increasingly competing for the attention of small business owners.

In fact, American Express recently noted the opportunity for growth in the small business sector in its Q1 2024 earnings report. Innovative new solutions like Fyle are entering the market and partnering with credit card companies to tailor the experience specifically for small business users.

There are a few reasons why small businesses are an attractive target for credit card companies in 2024. First of all, there isn’t as much saturation in the small business market as there is in the consumer market. And there are record numbers of new businesses starting each year.

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