GoCardless reports ‘strong demand’ for commercial VRPs among UK businesses

A new study from bank payment company GoCardless has revealed that UK businesses are being held back by outdated systems, and that against this backdrop, commercial VRPs are viewed as a strategic unlock. Source

6 April 2026 at 06:41 pm

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GoCardless reports ‘strong demand’ for commercial VRPs among UK businesses

GoCardless, a leading bank payment company, has recently released a study that highlights the growing demand for commercial Virtual Payment Systems (VRPs) among UK businesses. The research underscores that many businesses are struggling due to outdated payment processing systems, which are hindering their ability to adapt to the evolving market landscape. In this context, commercial VRPs are emerging as a strategic solution to unlock new opportunities and drive growth.

The study reveals that a significant number of UK businesses are facing challenges in managing their payment processes efficiently. Outdated systems often result in higher transaction costs, slower processing times, and limited access to valuable data. These issues not only affect operational efficiency but also impact customer satisfaction and competitiveness in the market. As a result, businesses are increasingly recognizing the need for modern, scalable, and flexible payment solutions to stay ahead.

Commercial VRPs, which allow businesses to process payments directly through their own systems, are being viewed as a strategic unlock. These systems offer a range of benefits, including reduced transaction costs, improved security, and enhanced data analytics capabilities. By adopting commercial VRPs, businesses can streamline their payment processes, reduce reliance on third-party providers, and gain greater control over their financial operations.

The study also highlights that the adoption of commercial VRPs is being driven by the changing payment landscape in the UK. With the rise of digital commerce, mobile payments, and alternative payment methods, businesses need to adapt quickly to meet the demands of their customers. Commercial VRPs provide the flexibility and customization needed to support these diverse payment channels and ensure a seamless customer experience.

Moreover, the research suggests that the COVID-19 pandemic has accelerated the shift towards digital payments, further emphasizing the importance of modern payment systems. As more businesses move online, the need for efficient and secure payment processing becomes even more critical. Commercial VRPs offer a robust solution to these challenges, enabling businesses to thrive in the digital economy.

Despite the clear benefits of commercial VRPs, the study also points out that some businesses are hesitant to adopt these systems due to concerns about complexity and cost. However, GoCardless emphasizes that the long-term advantages of commercial VRPs, such as increased efficiency, reduced costs, and improved customer engagement, outweigh the initial investment and learning curve.

In conclusion, the GoCardless study paints a compelling picture of the growing demand for commercial VRPs among UK businesses. As outdated systems continue to hinder growth and competitiveness, commercial VRPs are being recognized as a strategic unlock to unlock new opportunities and drive innovation. With the evolving payment landscape and the increasing importance of digital commerce, businesses that embrace commercial VRPs are well-positioned to succeed in the years to come.

Source: Open Banking Expo

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