STACK represents an all-in-one payments platform that allows B2B businesses and their customers to easily align with their payments processing system. The platform also provides additional payment methods, including Buy Now, Pay Later (BNPL) services.
The B2B payment sector in Australia continues to heavily rely on paper cheques rather than adopting a more environmentally friendly and rapid solution as digital payments. According to industry studies, paper cheques accounted for around 42% of the total B2B payments in the country, while B2C ranked higher in digitalisation.
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