How Microsoft Teams Payment app will impact micro businesses

Microsoft has announced the launch of its new Payments app, that is designed to help conduct smooth and convenient payment transactions on Microsoft 360. Professionals around the world will now be able to make payments during a Teams meeting from their desktop or mobile phone, which will open new possibilities for all kinds of businesses. But it is said that it will benefit smaller businesses the most. Let us learn in greater detail how the Microsoft Teams Payment app will help micro businesses.  

Smaller businesses or entrepreneurs may lack the funds to create a proper financial setup for income and expenditure. Young teachers, lawyers, fitness trainers and others who are creating their own startup can greatly benefit from this payment app, especially those who also work on a freelance basis. At the same time, Microsoft has also merged Snapchat Lenses in its app for more expressive communication during meetings. They have also partnered with Paypal, GoDaddy and Stripe to provide more payment options for people. This could potentially be a game-changer for everyone who is entering or already entered the startup race.