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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.
From improved efficiencies and reduced risk to easier access to cash flow, both buyers and suppliers are beginning to understand the benefits of solutions such as ePayables and commercial payment cards.
It’s no secret that B2B payment trends are shifting away from paper-based methods to electronic processes such as ePayables.
