National Payments Vision plan from HM Treasury

The Vision sets the strategic direction for the UK’s payments sector, ensuring it continues to drive economic growth, foster innovation, and offer diverse payment methods to consumers and businesses.

Key strategies include:

• New initiatives, such as the Payments Vision Delivery Committee, to streamline regulatory efforts and support the UK’s transition to next-generation payment systems;
• The prioritisation of Open Banking, with plans to improve account-to-account payments and explorations into a retail Central Bank Digital Currency (Digital Pound); and
• Tackling payment fraud, with enhanced measures for consumer protection and collaboration across sectors, including technology and telecommunications.

✅ Payment firms are encouraged to align their strategies with these advancements, ensuring they remain competitive and compliant.