Central Banking

UK Payments Council prepares 'roadmap' for reform

Person paying with a credit card

The UK's Payments Council today published an initial report on plans for a ‘Payments Roadmap', which aims to improve the country's payments infrastructure, boosting competition and innovation.

The report set out six possibilities for where the payments industry could go over the next five to 10 years, which "range from restructuring to revolutionising", the Payments Council said. Possibilities include the introduction of a central clearing hub, a distributed model, which opens up services that a

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