🤔The United Kingdom🇬🇧 prepares to update its National Payments Strategy…

🤔The United Kingdom🇬🇧 prepares to update its National Payments Strategy…

As part of this effort, a new Implementation Committee has been established, with the primary goal of enhancing regulatory coordination and supporting the delivery of key initiatives.

➡️The committee will be supported by the Vision Engagement Group, which includes over 30 representatives from across the payments sector.

➡️In parallel, the UK continues to strengthen its real-time payments system, Pay.UK, aiming to achieve higher levels of stability and functionality with the backing of these newly formed bodies.

Pay.UK will retain its role as the operator of the current payment infrastructure.

➡️The legal framework underpinning this public-private collaboration is set out in an updated Memorandum of Understanding, alongside the forthcoming integration of the PSR into the FCA.

#news #Europe #p2p

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