(3 min read)
In this issue we share our insights on the current payments landscape in the UK. We also discuss some key trends that we have been seeing developing in this sector over the years including the expansion of Open Banking, increasing popularity of Digital Wallets and the development of a UK Digital Pound. We share our views on the present status of these different areas of the Payments landscape and how the regulators are striving to drive change to develop them further to bring within the UK payments ecosystem.
What's next for future of payments?
The UK's Payments landscape has advanced substantially in recent years. There are several in-flight plans and initiatives across the payments sector, and with the recently published National Payments Vision (NPV) the UK Government has made it clear that they will take any necessary steps to enhance the UK's payments sector to support economic growth. In the section below we discuss some key trends that we have been seeing developing in this sector over the years including the expansion of Open Banking, increasing popularity of Digital Wallets and the development of a UK Digital Pound. We share our views on the current status of these different areas of the Payments landscape and how the Government and the regulators are striving to drive change to develop them further to bring within the UK payments ecosystem.
Read our insights here on what's next for future of payments
Upcoming events
For information on our upcoming training events including our Regulatory Essentials programme, please visit our Financial Regulation page on our website.
Next steps
If you want to find out what these updates mean for your business, or discuss training opportunities or systems and controls changes, please feel free to get in touch with our Payments Team who would be delighted to speak to you.
