Every business – no matter its size – relies on payments to keep it running. But the landscape of payments is rapidly changing with the rise in the use of debit and cards across the UK. Here are a couple of numbers to put things in perspective. In October 2021, there were around two billion…

Payment trends around the Covid-19 pandemic supported by various studies by major payment networks such as Mastercard and Visa have proven that card payments are here to stay. In fact, they’re the future of payments as consumers increasingly choose to pay by card instead of relying on cash. At this point, as a merchant, you’re…

Customer satisfaction and retention are critical aspects of ensuring your customers return to you for repeat business. In fact, research indicates that approximately 20% of your customers are responsible for about 80% of your total sales. Therefore, doesn’t it make sense to encourage your customers to return and reward loyalty so that your business thrives and…

Benefits of gift cards Types of gift card programs to choose from Some ways of maximising your gift card program How to get gift cards made for your business From carpet cleaning to high-end retailers, or even putting fuel in the tank, a gift card makes for a superb gift! Many businesses are taking advantage…

As of March 2020, 85.2 million contactless cards were debit cards, making this the most common type of contactless payment card on the British market.  Millions, if not billions, of contactless transactions, have taken place in the UK and in Europe as a whole, over the past few years. Using Near-Field Communication (NFC) and RFID…

Research indicates that, optimistically, website checkout shopping carts are abandoned at around 45% in the UK, whereas on the pessimistic side, you’re looking at up to 74% on a wider scale. Having spent a significant amount of resources on creating your website and online shop, each abandoned cart results in lost income and revenue, and…

According to Eurostat’s tourism statistics, a total of 64% of EU residents made at least one personal tourism trip in 2018. Europe has been, and continues to be, a popular tourist destination for thousands if not millions of people every year. But one of the important aspects of tourism is accommodation. And while it’s easy…

In order to harmonise the European payments and finance landscape, various regulations and pieces of legislation have been introduced both at EU and national level with a goal to standardise payments and ensure ease of access for millions of people on in the EEA and EFTA. Sometimes, however, this payment landscape can be difficult to…

The COVID-19 pandemic brought about a world of uncertainty.  Many businesses needed to find new ways to readjust the way they do work in order to survive. That’s why working from home became the norm for hundreds of thousands, if not millions of people around the globe. But while for some, working from home was…

Gone are the days of stashing your hard-earned cash under a mattress.  Over the last few decades, millions if not billions of people have opened accounts at banks and financial institutions.  This has increased the convenience of handling cash, and has also helped reduce and prevent financial crimes. While in the past, some people would…

Whether in electronic or hard copy format, you are very likely to receive your financial statements – bank account, credit card, utility bills and others – on a monthly basis. These statements are important for several reasons: you can use them to support the information you provide on your tax return submission, to reconcile amounts…