Small businesses play a critical role in the global economy. Entrepreneurs create jobs and foster healthy local economies, which leads to a more vibrant national economy. They contribute to local causes, have relationships with their neighbors and are the foundation of the community. We also recognize that not all small businesses have the same issues or dynamics. Some work 9-to-5 while others operate outside traditional business hours.
In a time when technology has transformed people’s lives in so many ways, financial services is one area where the full potential of the Internet era has yet to be realized. We’ve been hearing for decades about how the decline of cash and the rise of the digital economy will revolutionize financial services and usher in more convenient, accessible and affordable transactions. But so far, the traditional financial order remains firmly in place. While change is underway, the way most people move and manage their money hasn’t changed much since credit cards appeared on the scene 50 years ago.
Monica Chatmon leads the Amplify affinity group in PayPal's Omaha office. Coming from Washington, D.C, and not being a Nebraska native, she thought it was important to learn more about both the PayPal and Omaha community. In her role at PayPal, Monica is proud to be known as the "go to" person on the Latin American team.
This article was originally published to the World Economic Forum's Agenda Blog
Small businesses play a critical role in the global economy, contributing to economic opportunity, diversity and the overall health of our communities. If current trends continue, however, we may soon wake up in a world where many of these businesses have closed and only a few of the very largest players remain open.
As this is my first post of 2018, let me start by wishing everyone a Happy New Year.
At PayPal, we pride ourselves on always looking forward and never standing still. By challenging ourselves to do better and work harder we can better serve our customers and move further towards fulfilling our mission of democratizing financial services. With that said, however, I spent some time over the holidays reflecting on the past year – as I imagine many of you did as well – and wanted to offer a few thoughts and celebrate a meaningful milestone.
#GivingTuesday is just a day away and we are gearing up for an exciting holiday season. We’re delighted to once again partner with 92nd Street Y, founders of this global day of giving, to rally people to celebrate the day, and to give generously to causes close to their heart.
Here at Cisco, we value social impact and making a difference in our own communities. Often times, we do so by volunteering with local non-profits. Other times, we use our passion, creativity, and talent to empower these non-profits with new tools and solutions.
At PayPal, we believe every person has the right to participate in today’s global economy. Kiva is an international nonprofit that allows people to lend money to low-income entrepreneurs and students in over 80 countries and is an important partner in this mission. A few weeks ago, we launched our Kiva campaign: “Make A Small Loan, Make a Big Impact,” to our employees and customers around the globe to encourage them to make loans to entrepreneurs.