63% of SMEs haven’t switched business account provider in five years

Published: 26/03/2020
63% of SMEs haven’t switched business account provider in five years
Source: FSTECH.CO.UK

A survey of 602 UK, French, and Polish small to medium-sized enterprises (SMEs) has revealed they are sticking with traditional financial services providers despite new demands from digital-first businesses. Over half now do some form of international business and a further 13 per cent expect to start doing so soon. In 2008, 60 percent of all transactions were paid in cash, but today 34 per cent o

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