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Potential saving of $32bn in Canada

Friso de Jong | News | 9 May 2012

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Canada’s economy could get an annual $32bn boost with a more determined shift to digital payments technology.

According to a new report, a modern Canadian payments system will lead to far greater choice, efficiency and convenience for consumers, businesses, governments and organisations, as well as a safer, more secure system.

Potential savings include 60-80% reduced invoicing costs and 1-2% of revenue cost reduction by switching from paper to e-invoices.

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