Cards overtook cash as the UK’s most popular payment method in 2017. In response to ongoing technological and societal change, the UK’s Payment Systems Regulator intends to prioritise consumer outcomes in its upcoming regulatory agenda. Separately, a register compiling all e-money and payment institutions in the EU is now live.
See our latest FintechLinks blog post for more on both stories:
Pay.UK - the payments system operator that runs the UK's Bacs, Faster Payments and cheque payments systems - is now leading the creation of a new payments architecture in the UK which should be in use be 2022