The Payments Vision Delivery Committee has published its strategy for the next generation of UK retail payments infrastructure.
Read the Strategy[1] on GOV.UK.
The committee comprises the:
- Treasury
- Bank of England
- Financial Conduct Authority
- Payment Systems Regulator
This is an important step in delivering the government’s National Payments Vision[2] and its ambitions for the UK payments sector to better serve people and businesses while supporting economic growth.
The strategy is anchored around 5 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.