The Canadian B2B payments over EFT account for more than one third of all payments volume domestically, with card payments making up a large majority of the remainder. Those payments —whether made via bank-to-bank transfer, wire or check—are almost entirely manual, and often over-burdened by high transactions fees and processing costs.
With the launch of PayStand’s digital payments platform, Canadian businesses are able to modernise their invoicing and payments process by using cloud-based technology that automates manual processes and eliminates transactions fees.
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