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UK Businesses Remain Resilient and Growth-Orientated, Despite Economic Headwinds

  • A new merchant survey by Elavon reveals that UK small-to-medium businesses (SMBs) remain positive about the future despite fiscal challenges.
  • Over half of the businesses express optimism about the UK's 12-month economic outlook.
  • Merchant businesses are prioritizing investment in upgrading technology, enhancing customer experience and support, and investing in new partnerships.
  • SMBs are investing in contactless and alternative payment methods to mitigate payment-specific issues, such as late payments, security and fraud, payment innovation, and chargebacks.

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