UK businesses moving online has risen steadily from about 5 per cent in 2008 to 30 per cent in May 2020, according to the Office for National Statistics. According to Kantar, 13 per cent of food retail is now online against about 7 per cent before the pandemic.
With more than 800,000 businesses forced to close their doors under lockdown restrictions, businesses in every sector have accelerated their online payments transformation to meet growing demand for online shopping and continue trading.