Research shows that 7 million business hours a week are wasted queuing at banks and up to a whopping £39 million is lost in small change largely due to human error when counting. Although nearly two thirds of businesses report a 25% rise in income from card payments, are too many SMEs over reliant on cash payments.

Convenient, quick and easy. With just a tap items can be purchased and accurately accounted in seconds, yet many SMEs remain reluctant to make the move away from cash!

Join Simon Webster on Money Talk at 1pm this Friday to find out more! #MTRadioUK