Business Wire

Visa Helps Prepare Small Businesses for the Holiday Buying Season as National Small Business Week Begins

Share

As the Small Business Administration’s (SBA) National Small Business Week begins in the U.S. and businesses worldwide prepare for an unprecedented holiday season, Visa (NYSE: V) is introducing new programs and resources essential to small and micro business (SMB) recovery efforts. The Visa Back to Business Study, Holiday Edition, launched today, finds that consumers will carry their resolve for normalcy into the holiday shopping season, with 88% planning to buy and give gifts despite challenges the pandemic has created. To prepare for this unprecedented holiday season, SMBs should be looking for ways to offset the impact of COVID-19 during the holidays, with 60% already saying they are taking steps to prepare.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005150/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Visa’s Back to Business kits include new “tap to pay preferred” point-of-sale materials, branding, educational resources and special offers. (Photo: Business Wire)

“Educational resources and community support are fundamental building blocks that will help small businesses get back to not only surviving, but thriving,” said Kevin Phalen, global head of business solutions, Visa. “Visa has long been committed to supporting as many small businesses as possible. In the wake of the pandemic and preparing for the holidays, we are accelerating our efforts, amplifying our partnerships and expanding our programs to help get the world back to business.”

Despite the unpredictable nature of COVID-19, 68% of global SMBs report that the winter holiday season remains a major sales opportunity for their business. Informed by these insights, Visa is stepping up its commitments to help digitally-enable 50 million small businesses as we head into the holiday season.

SHE’S NEXT, EMPOWERED BY VISA GOES VIRTUAL

Visa is kicking off National Small Business Week with a partnership with the Female Founder Collective (FFC) to host a three-day virtual summit, What’s Next Fest (September 22-24). The summit will provide educational insights and expert guidance as attendees forge ahead in one of the most challenging years in history.

Visa and the FFC are focusing a full day on Black women-owned small businesses, sharing insights and ideas to take their business to the next level. As part of its commitment to this community, Visa and IFundWomen have extended their grant program to India and doubled their Black women-owned SMB grant program, awarding 25 grants and annual coaching memberships. Select winners will be celebrated at What’s Next Fest.

What’s Next Fest speakers include Rebecca Minkoff (Founder, FFC), Tia Mowry-Hardrict (Actress & Co-Founder, Anser Supplements), Olympic athlete Shelly-Ann Fraser-Pryce (Team Visa, Jamaica, Athletics) and Paralympic athlete Oksana Masters (Team Visa, USA, Para cycling), among a number of other celebrated small business owners. Visa and the FFC will donate 40% of proceeds from ticket sales to support Kiva, an international nonprofit that expands financial access to help underserved communities. To register for the event, visit here.

“Despite being an essential business, the pandemic has taken a toll, even since we re-opened. As an entrepreneur it’s stressful to see more money leaving than coming in,” said Patrice Banks, founder of Girls Auto Clinic. “The Visa and IFundWomen grant is such a great win that helps keep us going in the middle of difficult times. It feels good to know that people believe in you.”

HELPING SMALL BUSINESSES GO DIGITAL

More than a quarter (26%) of SMBs are digitizing parts of their business in preparation for the holiday season. To enable these efforts, Visa Street Teams are going virtual to reach as many small businesses as possible. Already, Visa teams have visited more than 185,000 small businesses in 66 U.S. cities and 15 markets to provide “back to business” kits with new ‘tap to pay preferred’ point-of-sale materials, branding, educational resources and special offers.

The online program, The Virtual Breakroom: Back to Business Learning Series, will offer three content modules, hosted on Visa.com and available on-demand via the Visa Small Business Hub. Programs begin launching on September 29 and cover topics including contactless payments, growing your business online and digital marketing/reputation management.

Being a small business owner is very difficult, but COVID-19 has added unpredictability I could never have anticipated,” said Manuel Delgado, owner, Delgado Guitars. “We had to be smart about attracting more business and being able to quickly and easily move our business online has been essential to staying open. Everyone in the world can play a role in recovery, and we appreciate how Visa has helped to encourage and incentivize consumers to shop local.”

As the trusted engine of commerce, Visa is dedicated to helping the world adapt, rebuild and get back to business. For more information on the programs and solutions Visa has made available to SMBs visit the Visa Small Business Hub, the Visa Small Business COVID-19 relief site and the Holiday Edition of the Visa Back to Business Study.

Methodology: Visa Back to Business Study

The Visa Back to Business study was conducted by Wakefield Research between June 18 and June 29, 2020, among 250 small business owners at companies with 100 employees or fewer in the U.S., Brazil, Canada, Germany, Hong Kong, Ireland, Singapore and UAE. Separately, the consumer portion of the survey was conducted by Wakefield Research between June 12 and June 29, 2020, among 1,000 Adults ages 18+ in the US, and 500 Adults ages 18+ in Brazil, Canada, Germany, Hong Kong, Ireland, Singapore and UAE. The data was weighted to ensure an accurate representation of adults ages 18+ in each market.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Kryssa Guntrum
415.805.4488
kguntrum@visa.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Aizon Launches New AI-powered eBR Light Solution to Enhance Manufacturing Productivity in Collaboration with Euroapi18.9.2024 18:00:00 CEST | Press release

Aizon, an Artificial Intelligence (AI) SaaS provider dedicated to transforming pharmaceutical manufacturing operations, is launching a new product called Aizon Execute, an innovative eBR (Electronic Batch Record) software product, developed in collaboration with Euroapi, a leading global API manufacturer. This collaboration was born out of the need to digitize operations towards more data-driven manufacturing - focusing on the essential user needs while avoiding the heavy lift currently associated with going paperless in manufacturing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918037613/en/ Aizon Execute is a modern, user-centric, lightweight product designed to adapt to small-scale productions and highly flexible plants like chemical API CDMOs - and has the potential to become the true backbone of digital transformation journeys. Aizon Execute light eBR is designed to facilitate the rapid transition from paper-based

Headline Closes $865 Million to Invest in Growth-Stage Tech Companies18.9.2024 17:53:00 CEST | Press release

Headline today announced Headline Global Growth IV with $865M1 of capital committed to the strategy to support companies at their Growth inflection points, Series B and beyond. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918812241/en/ Headline's Global Growth Equity Team (Photo: Business Wire) The Global Growth strategy has three distinct advantages: a diverse and experienced team, extensive geographic coverage, and advanced in-house built technology for sourcing (Searchlight) and analytics (DeepDive). Led by seasoned Growth investor Shalini Rao, the Growth team is committed to identifying and nurturing "Paradiesvögel"—tenacious technology founders poised for global success. Recent team additions to Headline Global Growth include Nancy Xiao, Trevor Neff, Reda Bensaid, Jake Horwitz and Austin Hack, all of whom will work out of Headline’s San Francisco and European offices. Global Growth IV represents the evolution of gr

New Garmin G5000 Avionics Upgrade Now Available for Cessna Citation XLS Aircraft at Textron Aviation Service Centers18.9.2024 17:00:00 CEST | Press release

Textron Aviation today announced customers can now upgrade their Cessna Citation XLS+ and Citation XLS Gen2 aircraft with the Garmin G5000 integrated flight deck following Garmin’s receipt of FAA supplemental type certification (STC) for the avionics upgrade. Customers can have the upgrade installed at selected domestic Textron Aviation Service Centers to add significant technological advances and new capabilities to their aircraft. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918046690/en/ New Garmin G5000 avionics upgrade now available for Cessna Citation XLS aircraft at Textron Aviation Service Centers. (Photo: Garmin, Textron Aviation) Beechcraft, Cessna and Hawker customers receive factory-direct support, maintenance and modifications by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, through a global network of service and part centers, mobile service units and 24/7 1CALL AOG support. “The G5000 avionic

ProAmpac Brings Fiberization and Sustainable Packaging Innovation to FACHPACK 202418.9.2024 16:45:00 CEST | Press release

ProAmpac, a leader in flexible packaging and material science, will showcase its latest sustainable packaging solutions at FACHPACK 2024 from September 24-26 in Nuremberg, Germany. At stand 5-126, ProAmpac will present advanced offerings such as ProActive Recyclable® FibreSculpt, ProActive Intelligence® Moisture Protect MP-1000, and the ProActive Recyclable® RP-1050, alongside its RAP Packaging line of fiber-based food-to-go solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918028305/en/ FibreSculpt (Photo: Business Wire) “We invite attendees to explore ProAmpac’s innovative solutions driving the fiberization of packaging,” said Alex Baumgartner, president of ProAmpac’s European division. “From our MP-1000 technology, which transforms moisture control in powdered beverages and nutraceuticals, to our fiber-based food-to-go packaging, these advancements meet the growing demand for sustainable, high-performance packa

Xsolla to Showcase Creator Activation Solutions at TwitchCon 2024 in San Diego18.9.2024 16:00:00 CEST | Press release

Xsolla, a global video game commerce company, is thrilled to announce its participation at TwitchCon 2024 booth #1515 from September 20-22 in San Diego, California. This year, Xsolla will present and demonstrate an exciting creator activation strategy designed to connect with creators, gamers, and influencers, showcasing the power of the Xsolla ecosystem, including the Xsolla Partner Network and Lightstream. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918904397/en/ (Graphic: Xsolla) Throughout the weekend, Xsolla and Lightstream (acquired by Xsolla in October 2023) will host exclusive events, offering a unique opportunity to network and explore the advantages of joining the Xsolla Partner Network. Attendees can visit the Xsolla booth, which features demo stations, to experience firsthand how Xsolla Partner Network Lightstream solutions can help creators grow their influence and monetize their content more effectively a

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye