Spending with SME's is up

Spending with SMEs up in Q1 Data from Barclaycard Payments shows that the volume of debit and credit card payments processed to SMEs rose in Q1, with a 20% increase in value and a 35% increase in volume between January and March compared with pre-pandemic levels. Colin O’Flaherty, head of SME at Barclaycard Payments, said: “After an exceptionally tough time for the hospitality and leisure sector, it’s encouraging to see that businesses have seen revenues rise over the last few months, despite a challenging economic climate.”

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