Mastercard Small Business Navigator

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Mastercard Brings Its Small Business Navigator to Canada
PYMNTS.comยท 2025-10-01 17:57
Core Insights - Mastercard's Small Business Navigator, initially launched in the U.S., is now available in Canada, addressing the need for reliable financial tools among small business owners [2][5]. Group 1: Product Offering - The Small Business Navigator provides resources for cost savings, cybersecurity, and economic trend reports to help entrepreneurs manage cash flow and make informed decisions [4][5]. - More than half of Canadian small business owners find it challenging to locate reliable financial tools in one place, highlighting a market gap that the Navigator aims to fill [2]. Group 2: Industry Context - Entrepreneurs often lack access to formal financial tools necessary for sustainable growth, indicating a broader issue within the small business sector [3]. - Research indicates a misalignment between credit card offerings and the specific needs of small and medium-sized businesses (SMBs), suggesting that many SMBs feel underserved by existing financial products [6][8]. Group 3: SMB Needs - SMBs express a desire for credit card features tailored to their industry, with specific needs such as automation for construction firms and fraud protection for salons [7]. - A significant portion of surveyed businesses (54%) combine personal and business credit use, revealing inefficiencies in the current financial system that do not adequately cater to their needs [8].