More than a quarter of UK SMEs accept payment apps at the checkout

Research commissioned by Verifone shows how UK SMEs are modernising their businesses to deal with the huge demand from a digitally-savvy society. The report shows that more than a quarter (29%) of UK small and medium businesses now give their customers the option to pay using an app in-store such as Google Pay and Apple Pay.

  • Almost a fifth (17%) of micro-businesses are also tapping into the trend and accepting payment apps to ensure a seamless, easy experience for their customers at the checkout.
  • More than a third (38%) of small and micro businesses, and 44% of medium-sized businesses, now conduct payments with tablets and other digital devices.
  • 45% of small and micro businesses, and 35% of medium-sized businesses say that transaction cost is a key factor when exploring payment solutions.

Today, consumers expect to pay with the same speed and convenience as with these other aspects of their lives, but they also want other options at the checkout that extend beyond a traditional transaction – the ability to donate to charity or delay the debit from their account, for example.

Nathan Gill, VP and Head of Solutions at Verifone.