On 9 October 2025, the Financial Stability Board (FSB) published a consolidated progress report for 2025 on actions taken by it and other organisations under the G20 Roadmap for Enhancing Cross-Border Payments.
Background
Previously, the Saudi Arabian G20 Presidency made enhancing cross-border payments a priority and asked the FSB to develop and coordinate
On 14 August 2025, the Bank of England (BoE) added two new webpages: The National Payments Vision and The Vision Engagement Group.
The National Payments Vision sets out the Government’s ambition for a payments ecosystem delivered on next-generation technology, where consumers and businesses have a choice of payment methods to meet their
On 7 August 2025, the Financial Conduct Authority (FCA) published a Policy Statement, PS25/12, setting out changes to the safeguarding regime for payments and e-money firms. The FCA has also published its related amendments to ‘Payment Services and Electronic Money – Our Approach’.
Background
In January 2023, HM Treasury published its Payment Services
On 2 July 2025, an All-Party Parliamentary Group comprising of a cross-party group of members from the House of Commons and the House of Lords published a report, Launch of ‘No Half Measures – A Blueprint to Beat APP Fraud’.
The purpose of the report, which had been prepared in consultation with industry leaders
On 22 May 2025, the Payment Systems Regulator (PSR) published a consolidated policy statement, PS25/5 on the authorised push payment (APP) scams reimbursement requirement.
PS25/5 consolidates previous publications on the APP reimbursement requirement and is intended to act as a single point of reference for those seeking to understand the reimbursement requirement
On 15 May 2025, the Payment Systems Regulator (PSR) published a thought piece on ‘The story so far: A snapshot of what we’ve seen since our APP scams reimbursement requirement went live’. The publication includes reflections from PSR managing director David Geale on what the PSR has seen since the authorised
On 8 May 2025, the Payment Systems Regulator (PSR) published a specific direction revoking Specific Directions 3 and 3a on the competitive procurement of central infrastructure.
Specific Direction 3, which was issued in June 2017, imposed requirements on the operator of the Faster Payments Scheme (FPS), in particular that contracts
On 6 May 2025, the Bank of England (BoE) published a speech by its deputy governor for financial stability, Sarah Breeden, entitled ‘International payment rails: the value of a harmonised gauge’. The speech explains why the digitalisation of money and assets is important to the BoE, why interoperability is important, and
On 1 May 2025, the Payment Systems Regulator (PSR) published its Annual Plan and Budget for 2025-26, setting out an overview of its commitments and priorities over the next financial year as it moves towards consolidation with the Financial Conduct Authority.
The PSR flags that the Government has confirmed that the PSR