“With over 80 percent of online sellers encountering growth hurdles, it’s imperative that we help them overcome roadblocks,” said Nitin Prabhu, vice president, Small Business and Financial Services, PayPal.
“With PayPal Complete Payments, our most advanced offering in the market, we’re committed to simplifying the complexities faced by small business owners in Canada. Our comprehensive solution fosters growth, provides advanced fraud protection, and streamlines cross-border trade, empowering entrepreneurs to thrive.”
Recent research shows over 70,000 reported cybersecurity incidents in Canada in 2023, marking a 25 percent increase from the previous year.
In a world where cybersecurity risks continue to be a threat, Canadian small businesses must tackle day-to-day responsibilities while also addressing cybersecurity concerns.
46 percent of SMEs report they do not feel prepared to protect their business and customers from fraudulent transactions. Additionally, 43 percent are worried about their ability to manage and protect customer information online.