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.