The Payments Vision Delivery Committee -comprising HM Treasury, the Bank of England, the Financial Conduct Authority, and the Payment Systems Regulator - has today published its strategy for the next generation of UK retail payments infrastructure.
This is an important step in delivering the government’s National Payments Vision and its ambitions for the UK payments sector to better serve people and businesses while supporting economic growth.
The strategy is anchored around five strategic outcomes that build on innovation, competition and security and its delivery will benefit consumers and businesses that rely on this vital infrastructure. Expanding payment choices, promoting inclusion, combating financial crime, and ensuring resilience will help the UK to deliver a world-class payments experience.
This will be followed by the Payments Forward Plan, which will be a sequenced plan of future payments initiatives.