After analyzing millions of payments made across the AvidPay Network during the fourth quarter of 2021, a number of trends emerged.
Our new Q4 2021 AvidPay Network analysis revealed spending rose for the sixth straight quarter. Since December 2017, middle market spending has increased 17.6% overall, with 2021 being notable for having the highest single-year increase at 8 percentage points above 2020 and also the three largest quarterly increases (21-Q2, 21-Q3 and 21-Q4).