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A new study from bank payment company GoCardless has revealed that UK businesses are being held back by outdated systems, and that against this backdrop, commercial VRPs are viewed as a strategic unlock.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

7 April 2026 at 08:25 am

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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 highlighting the growing demand for commercial Virtual Payment Systems (VRPs) among UK businesses. The research underscores that many companies are struggling due to outdated payment infrastructure, which is hindering their ability to adapt to the evolving market landscape. In this context, commercial VRPs are being seen as a strategic solution to unlock new opportunities and enhance operational efficiency.

The study reveals that a significant number of UK businesses are facing challenges related to their existing payment systems. These challenges include limited scalability, high transaction costs, and inadequate reporting capabilities. These issues are particularly problematic for SMEs, which often lack the resources to invest in modern, robust payment solutions. As a result, many companies are struggling to keep up with the rapid pace of technological advancement and changing consumer expectations.

Commercial VRPs, on the other hand, offer a range of benefits that make them an attractive option for businesses looking to modernize their payment processes. VRPs provide a unified platform for managing multiple payment methods, enabling businesses to offer a seamless payment experience to their customers. This not only improves customer satisfaction but also helps businesses to reduce transaction costs and streamline their operations.

Moreover, commercial VRPs offer advanced reporting and analytics capabilities, allowing businesses to gain valuable insights into their payment patterns and customer behavior. This data can be used to optimize pricing strategies, improve inventory management, and enhance overall business performance. Additionally, VRPs often come with built-in fraud detection and prevention features, which help businesses to mitigate the risks associated with online payments.

The study from GoCardless also highlights that the adoption of commercial VRPs is being driven by the increasing competition in the UK market. As more businesses enter the market, the need for efficient and secure payment solutions becomes even more critical. By adopting commercial VRPs, businesses can differentiate themselves from their competitors and gain a competitive edge.

Despite the clear benefits of commercial VRPs, the study notes that some businesses are still hesitant to invest in these solutions. This reluctance can be attributed to factors such as upfront costs, integration complexities, and concerns around security and compliance. However, GoCardless emphasizes that the long-term advantages of adopting commercial VRPs far outweigh these initial challenges.

In conclusion, the study from GoCardless paints a compelling picture of the growing demand for commercial VRPs among UK businesses. As outdated payment systems continue to hinder the growth and competitiveness of many companies, commercial VRPs emerge as a strategic solution to unlock new opportunities and drive business success. As the market evolves and consumer expectations continue to rise, it is likely that more businesses will recognize the importance of modernizing their payment infrastructure and embrace the benefits of commercial VRPs.

Source: Open Banking Expo

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