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The UK is the European leader in Electronic Payments

By Trifonoff Oct16,2007

Accepting electronic payments is very essential to all kinds of modern business. According to Office of National Statistics the UK is currently Europe‘s largest e-commerce economy where almost two-thirds of consumers have tried online shopping.

According to the latest information the value of Internet sales has risen by 56% only between 2004 and 2005, and from £66.2 bn it has reached £103.3 bn. Whereas the proportion of businesses selling online has risen significantly by 22% from 12% of businesses to 14.6% of businesses.

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