Business payments survey in collaboration with PYMNTS.COM
Could business payments be nearing a tipping point for major change?
Checks and cash may be firmly established in the firmament of business payment methods, but new innovations are on the rise. Considering that businesses believe they stand to benefit from using alternative payment methods that are faster, easier and more cost-efficient, it comes as no surprise that over 30% of companies are planning to roll out their own payments innovations. Several promising options are attracting attention in the B2B sphere, most notably automated payables and real-time payments. Thirty-three percent of companies report plans to roll out real-time payments innovations in the next three years, and 32 percent plan to introduce innovations related to automated payables. 30 percent anticipate using crypto currencies more frequently.
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