Payments Vision Delivery Committee Unveils Strategy for the Future of UK Retail Payments

The Payments Vision Delivery Committee has announced its strategy to shape the next generation of UK retail payments infrastructure. Bringing together the Treasury, Bank of England, Financial Conduct Authority and Payment Systems Regulator, the initiative marks a key milestone in delivering the government’s National Payments Vision and its ambition for a modern, inclusive and secure payments ecosystem.

The new strategy outlines five strategic outcomes focused on innovation, competition, and security. It aims to expand payment choices, promote financial inclusion, strengthen resilience, and enhance safeguards against financial crime. These priorities are designed to ensure that the UK’s payments framework continues to support consumers, businesses and the broader economy.

A Payments Forward Plan will follow, setting out a sequenced roadmap of future payments initiatives to ensure consistent and coordinated delivery across the sector.

Read the strategy here.