OTT Pay’s Role in Elevating Canadian Entrepreneurs This Small Business Month

October is Small Business Month in Canada! OTT Pay is wrapping up another month dedicated to honoring Canadian entrepreneurs and celebrating small businesses across the country.

Since 2017, OTT Pay has been supporting small businesses in Canada — helping them establish themselves and connect with customers. Whether you’re a small business entrepreneur arriving from China, a small business owner already operating in Canada, or a Chinese student looking to work as a self-employed professional, OTT Pay understands your reality and offers you the tools you need to succeed.

What is Small Business Month?

Small Business Month was established in 2006 in Canada to celebrate the contributions small businesses across the nation have provided to their communities.

Industry Canada defines a “Small Business” as an enterprise with fewer than 100 employees. As of December 2018, over one million small businesses were reported in Canada, contributing about 38% of Canada’s GDP. And in the same year, small businesses is also reported to have employed over 8 million Canadians — which is about 70% of the total private labor force.

By creating jobs, fueling innovation, and providing opportunities for many, not only do small businesses greatly impact the daily lives of their local communities, but the contributions made by small businesses make up the foundations of the Canadian economy.

Fueling Success for Canadian Small Businesses

Here are some ways OTT Pay can help your small business thrive in Canada.

Finding Customers

Finding customers is the biggest challenge faced by small businesses. As an official authorized partner of Alipay, WeChat Pay and Union Pay QR code in Canada, OTT Pay sets you up with China’s most popular mobile payment solutions. Having these payment options on hand is a sure way to attract a lot of customers, quickly.

Maintaining Client Relationships

Retaining customers is how you increase revenue. Chinese customers will come back to your business because they can shop like they do at home, but that’s not enough. You need to build a strong relationship with them to achieve customer loyalty. Alipay, WeChat Pay and Union Pay QR code are more than mobile wallets, they’re part of China’s largest social media networks. OTT Pay knows these platforms inside and out — for instance, which feature makes it easy to talk to your customers and answer their questions — creating that special bond. Your customers need to see you as more than a store or a website. They need to see you as a business that brings them value.

Establishing Brand Recognition and Visibility

Spreading brand awareness is key when launching new goods and services. It’s how you increase your market share, attract and retain customers, and boost your sales. OTT Pay gives you access to Alipay and WeChat Pay’s social advertising campaigns, so you can create engaging marketing content that appeals to Chinese customers.

Streamlining Cash Flow

Managing cash flow is another challenge small business owners face. Mobile payment acceptance means getting paid faster. OTT Pay’s devices and online payment methods are a fast, secure and efficient way to collect payments. The OTT Pay App also lets you monitor your daily transactions, so you can spend more time growing your business instead of sending bills and tracking down payments.

Productivity Management

Managing workload is vital to overcoming fatigue. It’s no secret that owning a small business is time consuming. One of the key features of OTT Pay’s products and services is that they’re easy and straightforward. Clear training materials, quick reference guides, trilingual (Chinese, English, French) customer service, friendliness and availability — is what you can expect from our support team — so you can hand over that aspect of your business workload, and find the right pace for you.

How OTT Pay can Help Your Business Thrive This Month and the Months to Follow

OTT Pay is more than just a smart payment provider. We are committed to going above and beyond in helping our merchants thrive — not just for October, but throughout the year. OTT Pay all about finding solutions for customers and business owners alike. Ready to take advantage of the substantial Chinese consumer market in Canada? Apply for our payment solutions today or give us a call at (+1) 800-688-9838.