The Payments Vision Delivery Committee (the Committee) has published the Payments Forward Plan (the Plan).
The Committee comprises:
- HM Treasury
- Bank of England
- Financial Conduct Authority
- Payment Systems Regulator
The Plan sets out upcoming initiatives across retail and wholesale payments, including elements of digital assets. Recent publications on open banking, stablecoins and contactless limits, alongside the initiatives in the Plan, show the high level of activity across the sector.
The Plan provides clarity on what is coming and when, helping firms plan ahead and focus on innovation. The Plan sets out actions to deliver the Government’s National Payments Vision[3] of a trusted, world-leading payments ecosystem built on next-generation technology, offering consumers and businesses a choice of payment methods.
The Committee will continue to consider our collective impact on firms and support competition, innovation and economic growth.
Going forwards, the Committee has agreed to add an enhanced focus on payments to the Regulatory Initiatives Grid in its first 2027 publication.