Merchants are increasingly digitizing payments, shifting away from legacy systems to modern, efficient methods. This acceleration, driven by consumer demand for seamless digital transactions, includes a significant uptake in online payment capabilities and contactless methods. Investments in modern accounts payable and receivable systems are growing, with benefits like improved efficiency and customer satisfaction. The transition to digital payments, reinforced by partnerships and technological advancements, is seen as irreversible, promising streamlined operations and better financial management for merchants.

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