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WHAT IS THE HIDDEN REVENUE GAP FOR UK SMES AND HOW IS AI CLOSING IT?
Access PaySuite commissioned new research which found that 3.4 % of transactions fail on average, with 55.8 % of those never recovered. Nearly half of businesses report checkout abandonment, and one in five say customers have switched to competitors for a better payment experience. The average annual revenue loss stands at £ 159,500 per SME. Jon Reynolds, Head of Product at Access PaySuite, delves into the structural inefficiencies within modern payments and the emerging role of AI in addressing them.
24 Intelligent SME. tech