Pay.UK welcomes the Government’s Fraud Strategy
We welcome the Government’s Fraud Strategy published today, and we share its commitment to tackle fraud with international co-operation at its heart.
We welcome the Government’s Fraud Strategy published today, and we share its commitment to tackle fraud with international co-operation at its heart.
Our Chief Operations Officer, David Morris, recently joined leaders from The Payments Association, NatWest, Bottomline and the Bank of England for a webinar on Futureproofing UK Payments: Messaging, Connectivity and Orchestration Strategies for Banks and Non-Bank Financial Institutions (NBFIs). The panel explored how the UK’s payments landscape is evolving and what financial institutions need to focus on to stay ahead.
As part of our industry engagement on Certainty of Fate, a critical concept supporting the future of account-to-account (A2A) payments in the UK, Pay.UK and Open Banking Limited have recently delivered a series of joint presentations with several trade associations, including the British Retail Consortium, the Payments Association, UK Finance and Innovate Finance.
Our Chief Policy and Engagement Officer, Justin Jacobs, recently joined a panel of industry experts at the Payments Regulation and Innovation Summit, to debate whether recent regulatory consolidation, and the Payments Vision Delivery Committee’s (PVDC’s) new design and delivery model for retail payments infrastructure, can create a framework for success.
The global payment landscape is undergoing a transformative shift, driven by new ideas, innovation and the race towards faster, more efficient and digitalised payments.
In line with the National Payments Vision, Pay.UK is committed to enhancing the UK’s payment systems to deliver greater resilience, innovation, and benefits for end users.
We recently hosted our annual Current Account Switch Service strategy event, bringing together representatives from across the financial services industry to share ideas, challenge assumptions, and explore how we can continue evolving Pay.UK’s account switching services to meet the needs of modern consumers.
In March 2025, the Government announced its intention to abolish the Payment Systems Regulator (PSR). We support this important decision because – while the PSR has laudable objectives to support competition, innovation and the interests of service users – we agree with the Government that that the regulatory environment is too complex;
The digital age has brought unprecedented speed and convenience to payments, but with it, a darker shadow: a surge of payment fraud that impacts economies around the world.
Our Head of Strategic Policy, John Mowat, recently attended Travers Smith’s Future of Fintech 2025, taking part in a panel discussion exploring the evolving landscape of financial market infrastructures (FMIs).