That's an excellent question. Not only is the business-to-business part slow in developing, but so are the business-to-government and government-to-business parts. Perhaps government can play a role in building a system within payments to government that can help spearhead or drive a bit of this innovation, right?
That doesn't say it doesn't exist right now. It does. It's just that right now it's inaccessible to smaller firms, so how do we make sure that those types of business-to-business transactions can be made more accessible to small firms?
Again, I'm hesitant to suggest that government does anything that is directly intervening, but I do think that part of the solution might be to see if government can look at their own ways they interact with business, because through taxation, businesses have to pay government by cheque all the time. Perhaps there are methods or means there that can be used to drive innovation in the private sector as well.
I don't know, but these are things I'm throwing out there. It's definitely a growing issue. There's a real demand among small businesses and a frustration that when they try to use the systems that are already out there, those systems are really not accessible to them because of cost or infrastructure requirements.
Who are some of the major players in this now who might create opportunities?