The UK Payments Vision Delivery Committee has published a strategy setting out how the next generation of the UK’s retail payments infrastructure will be developed to support delivery of the government’s National Payments Vision. The committee, comprising HM Treasury, the Bank of England, the Financial Conduct Authority and the Payment Systems Regulator, frames the strategy around five strategic outcomes intended to build on innovation, competition and security. Priorities highlighted include expanding payment choices, promoting inclusion, combating financial crime and ensuring resilience for consumers and businesses relying on retail payments. The strategy is expected to be followed by a Payments Forward Plan setting out a sequenced programme of future payments initiatives.
Payment Systems Regulator 2025-11-07
UK Payments Vision Delivery Committee publishes strategy for the next generation of retail payments infrastructure
The UK Payments Vision Delivery Committee, comprising HM Treasury, the Bank of England, the Financial Conduct Authority, and the Payment Systems Regulator, has released a strategy for developing the next generation of the UK’s retail payments infrastructure. It focuses on innovation, competition, and security, with priorities like expanding payment choices, promoting inclusion, combating financial crime, and ensuring resilience. A Payments Forward Plan will detail future initiatives.