Current Account Switch Service reports 39% year-on-year rise in H1 switching
608,528 switches were completed between January and June 2026, up from 439,324 in the first half of 2025
608,528 switches were completed between January and June 2026, up from 439,324 in the first half of 2025
Almost 60 years after it was first launched, Direct Debit is growing faster than ever. Recent data from Pay.UK reveals the scheme processed a record 5 billion transactions in 2025 – cementing its position as the UK’s number one choice for recurring payments.
Pay.UK, the recognised operator and standards body for the UK’s interbank retail payment systems, has announced the appointments of Alison Berryman, Matthijs Boon and Pranay Ahluwalia to the Pay.UK Board as industry Non-Executive Directors (NEDs), effective 1 July 2026.
London, 1 July 2026: Pay.UK, the recognised operator and standards body for the UK’s interbank retail payment systems, has gone live with a flexible model for liquidity requirements for Faster Payments Net Sender Caps (NSC), further facilitating access for a wider range of participants.
23 June 2026 – The Current Account Switch Service has today released the UK’s Regional Rankings for the first quarter of 2026. Between January and March, Birmingham remained top of the list with 8,179 switches, followed by Newcastle upon Tyne (7,741) and Sheffield (6,928).
The figures represent a 43% increase verses Q1 2025
Appointment underpins new strategic direction to strengthen industry representation and modernise stakeholder engagement
23 March 2026 – The Current Account Switch Service has today released the UK’s Regional Rankings for the final quarter of 2025.
New research from the Current Account Switch Service shows that a third of Brits (34%) say “No‑spend February” is the point in the year when they finally tackle the life admin tasks they have been putting off, from cancelling unused subscriptions to checking whether their financial products still offer great value.
Q4 was the busiest quarter of 2025, with the Service recording 350,114 switches