Earlier this year, we announced a new three-year charity partnership with Age UK East London, focused on supporting older adults in the boroughs of Hackney, Newham, and Tower Hamlets.
Since launching in 2020, Confirmation of Payee has transformed the way people in the UK make payments, offering a vital layer of protection against misdirected payments and fraud.
As global payments become faster and more complex, ensuring security and trust has never been more important.
As Europe moves toward the Single Euro Payments Area (SEPA)-wide implementation of Verification of Payee (VoP) by October 2025, payment service providers (PSPs), payment system operators (PSOs), and financial institutions across the region are looking to Pay.UK’s experience with its implementation of Confirmation of Payee in the UK, for guidance.
We are pleased to release our Annual Report and Financial Statements 2024, highlighting our achievements and financial performance over the year, and the progress against our strategic priorities.
The Payments Vision Delivery Committee has now set out the future direction for UK payments and this marks a pivotal moment for our industry.
Our Confirmation of Payee service is an industry-wide initiative that looks to safeguard against misdirected payments and combat fraud.
Pay.UK welcomes the opportunity created by the National Payments Vision, and the concomitant changes in the regulatory structure, to reform the organisational framework at the heart of UK payments.
At Pay.UK, we operate the UK’s retail payment systems and manage a number of vital switching services on behalf of the industry.
Our Head of Product, Euan Ballantyne recently moderated a panel discussion that explored the importance of payments in delivering superior retail services to both consumers and businesses at the FTT Payments conference in London.