Latest News from the Payrow team
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Top UK Destinations for Starting a Small Business

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Shared by Maria • February 22, 2024

The UK is home to thousands of startups and is generally considered a great place to launch a new venture. There are some cities that are particularly well known for their thriving entrepreneurial communities. These are places where investors flock, where events help businesses grow, and where the number of potential customers is large. Moreover, local authorities can influence small businesses by providing support, resources, and opportunities for development.

A recent study by Qardus highlights how the fortunes of businesses vary depending on the location. Based on data from the Office for National Statistics, this analysis shows where small businesses find opportunities and face challenges. This article focuses on the best UK destinations for starting an SME.

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Unlocking the Financial Potential of SMEs: Is FinTech the Key?

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Shared by Maria • February 20, 2024

We at Payrow are thrilled to share that we’ve written an article for FinanceFeeds titled “Unlocking the Financial Potential of SMEs: Is FinTech the Key?”. This article focuses on the changing dynamics of the gig economy, particularly for start-ups and freelancers. It underscores the increasing importance of small-scale financial transactions and banking needs while highlighting the significant gap in banking services for small and medium-sized enterprises (SMEs).

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How to Leverage Payrow for Optimal Business Benefits and Efficiency

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Shared by Maria • February 15, 2024

At Payrow, we redefine financial management for businesses seeking streamlined operations and enhanced security. Our comprehensive FinTech platform is engineered to simplify cross-border transactions and invoicing, fortified with robust security measures to protect your interests. We’re not just a service; we’re your ally in financial excellence.

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British E-Commerce: How Technology Is Reshaping the Shopping Experience

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Shared by Maria • February 12, 2024

We are thrilled to present to our readers a new article on TheBusinessDesk.com titled “British E-Commerce: How Technology is Reshaping the Shopping Experience.”This piece dives into the evolving landscape of e-commerce, powered by cutting-edge technologies such as FinTech, AI, and AR/VR. It highlights the surge in online shopping, the shift towards a more immersive and personalised customer experience, and the significant impact of digital solutions on the way we shop today.

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How to Stop Automatic Payments

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Shared by Maria • February 08, 2024

Making automatic recurring payments is common today for bills, subscriptions, loans, and more. However, situations sometimes require individuals to halt those automatic payments from their accounts. This article explores practical methods for stopping automatic payments — how to properly cancel and disable them, from communicating with providers to updating account settings.

The step-by-step process will provide critical information on how to stop automatic payments across different contexts. We will overview what automatic payments are, why one may need to stop them, and how to do it correctly while avoiding potential issues.

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The Value of Security Certification in FinTech for UK Business Safety

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Shared by Maria • February 05, 2024

Security certification is crucial in the FinTech industry, particularly for ensuring business safety. For companies like Payrow Payment Systems Limited, which is authorised by the Financial Conduct Authority (FCA), prioritising security is a key element of operations.

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Payrow Recognised with Award Shortlisting and Top Financial Service Ranking

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Shared by Maria • February 01, 2024

We are delighted to share some exciting news about Payrow’s recent accomplishments. These achievements include being shortlisted for the 2024 FinTech Awards, ranking among the top digital banking platforms on G2, and being listed as one of the Top 100 Financial Services in the United Kingdom by Crustdata. Each of these milestones demonstrates the company’s growing influence and the trust it has earned within the FinTech community.

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Empowering Women in FinTech: Strategies for Achieving Gender Parity

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Shared by Maria • January 29, 2024

It is with immense pleasure that we announce the inclusion of perspectives on gender diversity in the FinTech sector, as featured on ‘beststocks.com’. The article, entitled “Empowering Women in FinTech: Strategies for Achieving Gender Parity,” highlights the ongoing challenge of gender imbalance in this dynamic and rapidly evolving industry, even as the UK maintains a leading position in the worldwide FinTech landscape.

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Strategic Tax Planning for UK Entrepreneurs in 2024

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Shared by Maria • January 24, 2024

December isn’t just about the pre-Christmas rush and sales. It’s a time when entrepreneurs are thinking about how to properly prepare for the coming year. In Britain, several key tax planning updates and changes will come into force in 2024.

To help businesses re-adjust and not miss out on anything, Payrow has collected the main changes in this overview. Let’s see which factors will influence the strategic planning of UK businesses.

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Payment reconciliation: What it is and how it's done

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Shared by Maria • January 21, 2024

Keeping accurate financial records is critical for businesses to maintain robust financial health and make informed decisions. However, with a high volume of daily transactions, discrepancies between internal accounting and external bank statements can quickly occur. Payment reconciliation plays a vital role in ensuring the integrity of financial data by systematically matching incoming and outgoing transactions to identify inconsistencies.