Across OECD countries, small- and medium-sized businesses (SMEs) represent around 99% of all firms, are a main source of employment and generate 50% to 60% of value added on average.
But it isn’t just about economies, it is about stronger communities, just like we create at wegg® and greater social inclusion.
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The Women Exporters in the Digital Economy (WEIDE) Fund, launched by the WTO and the ITC in February 2024, aims to empower women entrepreneurs by helping them grow their businesses through international trade and digitalization. wegg® supports the WEIDE Fund because it will allow:
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We are forever proud of our wegg Board member Kati Suominen who is one of the co-authors on this insightful report: APEC Micro and Small Enterprises: Digitizing Toward a Resilient and Sustainable Future, published by Visa Economic Empower Institute (VEEI).
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wegg® women have been operating their businesses for a long time without borders. We know the value in it yet we can always learn more. So can you.
In a new report published by The World Bank, “Working Without Borders: The Promise and Peril of Online Gig Work,”
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The age of artificial intelligence is upon us, and the global landscape of its capabilities and uses is constantly changing at a rapid pace. This term has been used broadly in the media in many contexts, but the definition of AI is, “the theory and development of computer systems able to perform tasks that normally require human intelligence,
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Through a partnership between Mastercard, the U.S. Agency for International Development and Indian NGO Access Development Services, Renu – owners of a mom and pop convenience store in India – adopted QR-based digital payments at her kirana, giving digital-savvy customers more choice and boosting sales.
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As a wegg® Board Member, Hinrich Foundation Research Fellow, and Founder and CEO of Nextrade Group, Kati Suominen holds key insight into the ebbs, flows, and effects of global e-commerce. She recently published a report with the Hinrich Foundation entitled, “The Last Mile: How technology helps and hinders the toughest leg of global commerce.”
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“Communications is at the heart of eCommerce and community.”
-Meg Whitman, Former President and CEO of Hewlett-Packard
For many consumers, eCommerce is a part of our daily lives, from ordering a household item through Amazon to purchasing a gift from a small business on Etsy.
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“As consumer behavior continues to evolve and the retail landscape changes, retailers that embrace and implement these changes early on will be better positioned for success now and in the future.”
-Jia Wertz,“3 Mobile Commerce Trends That Are Dominating 2022”
Our society has become structured around the widespread use of smartphones more and more each year.
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In a recent research report, Mastercard highlights high digitalization among women-owned businesses as an opportunity for broader SME recovery and digital economy growth.
Here is a snapshot of the report’s findings:
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