Payments Canada has released survey results from Canadian small business owners revealing that 1 in 4 Canadian businesses struggle with cashflow.
In 2021, the topmost priority for 2 in 5 small businesses is improving overall efficiency to simplify and enhance everyday payment interactions. Findings and associated small business owner payment pain points and trends include:
The report touches on how Canadian businesses can address key challenges including through predictability of cashflow, improved risk management, real time gig worker payments, and more efficient cross-border payments.
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