High inflation, skyrocketing energy prices, rising interest rates and supply chain disruptions are now falling hard on SMEs, setting them up for a challenging year.
Scale-ups are the heavy lifters of our economies. These fast-growing firms create many times more jobs and new sales than would be expected given their share of the business population.
Just six years ago, more than half of SME retailers’ transactions were paper based – in the form of cash or cheques. That world is long gone. Why? A large part is because Covid-19 gave digital payments a huge boost.