The Payments Vision Delivery Committee, bringing together UK Treasury, the Bank of England, the UK Financial Conduct Authority and the UK Payment Systems Regulator, has published a Payments Forward Plan setting out upcoming initiatives across retail and wholesale payments, including elements of digital assets. The plan is intended to give firms clearer visibility on what is coming and when. Positioned alongside recent publications on open banking, stablecoins and contactless limits, the plan sets out actions to deliver the Government’s National Payments Vision for a trusted payments ecosystem built on next-generation technology and offering consumers and businesses a choice of payment methods. The committee also signalled it will continue to consider the combined impact of its programme on firms. The committee agreed to add an enhanced focus on payments to the Regulatory Initiatives Grid in its first 2027 publication.
Payment Systems Regulator 2026-02-26
UK Treasury, Bank of England, UK Financial Conduct Authority and UK Payment Systems Regulator publish Payments Forward Plan covering retail and wholesale payments
The Payments Vision Delivery Committee, comprising the UK Treasury, Bank of England, UK Financial Conduct Authority, and UK Payment Systems Regulator, released a Payments Forward Plan detailing upcoming retail and wholesale payment initiatives, including digital assets. This plan aims to enhance transparency for firms and aligns with recent publications on open banking and stablecoins. The committee will also emphasize payments in the 2027 Regulatory Initiatives Grid.