Get latest articles and stories on Business at LatestLY. Bristol [UK]/Sydney [Australia], July 11: According to the Australian Banking Association, of the 2.6 million businesses in Australia, the majority (98%) are small and medium enterprises (SMEs)*. As the sector accelerates in 2023, it also suffers from an increase in the cost of goods and services, leading to rising inflation and unemployment rates. In this scenario, entrepreneurs are eager for help. Business News | Grow Finance Partners with Pismo to Issue New Mastercard Credit Card for Small Businesses in Australia.