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Like the thousands of Canadians who moved their small businesses online over the past year, Tia Small was new to the world of e-commerce when she launched her online group-buying website, Valley Online.
With ever-evolving shopping behaviours, now more than ever, Canadian consumers are looking for a hassle-free checkout experience, as well as alternative payment methods that fit their lifestyle.
Ecommerce sales will grow 20% during 2021 to $5.2 trillion with 19% growth in 2022 to $6.2 trillion.
Forecasts based on previous observations assume that the past holds the key to the future, and that nothing else is required.
For Canadians who are blind or have substantial vision loss, a simple digital payment can pose problems such as verifying a bill total, adding a tip and choosing the right bank account.
Like consumers, businesses are pivoting away from traditional payment methods such as cash, cheque and wire transfer to embrace payment solutions that fit their needs.
When it comes to payments, suppliers are looking for flexibility and options. Many businesses are stuck using payment solutions like cash, wire transfers or cheques, which have not kept up when it comes to efficiency.