UK SMEs Lose £6.15bn to Transfer Fraud; Pay by Bank Safer Option

UK SMEs lost £6.15 bn in sales last year as 41% of consumers abandon purchases when asked to make a manual bank transfer, according to open‑banking platform Tink. Read more: getnews.me/uk-smes-lose-6-15bn-to-t... #paybybank #opensbanking #uksmes