Central Banking

BoE opens RTGS to non-bank payment service providers

The Bank of England

The Bank of England (BoE) has given non-bank payment service providers (PSPs) direct access to its real-time gross settlement (RTGS) system for the first time.

The plans have been in the pipeline since mid-2016 as part of the BoE’s wider RTGS overhaul. Today (July 19) the BoE confirmed the details of direct access, which will allow PSPs to connect directly to the system, without having to go through a bank that might also be a competitor.

The BoE said the change will allow PSPs to compete on a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: