In the latest edition of our global podcast series, Future of Payments, Matthew Shanahan and Ratul Roshan cover recent market and regulatory developments in the UAE and Saudi Arabia including the expansion of the Jaywan scheme and the third phase of open banking.
Listen to the episode here.
On 17 August 2026, the Payment Systems Regulator (PSR) issued its Annual Report and Accounts for 2025/26.
Among other things, the Annual Report notes that the government has recognised the importance of payment systems regulation within its proposed new regulatory framework and that the Financial Services and Markets Bill contains provisions to
On 30 July 2026, the Payment Systems Regulator (PSR) published a consultation paper in relation to Specific Direction 17: Confirmation of Payee (CoP), in relation to removing the expiry date and expanding the scope of directed firms.
Background
The PSR sets out that CoP was introduced to stop misdirected payments, by
On 15 July 2026, HM Treasury (HMT) published a consultation paper in relation to the Recognised Payment Systems and Digital Settlement Asset Service Providers fee regime.
Background
The Bank of England (BoE) currently charges fees to operators of recognised payment systems and specified service providers in relation to those systems. Those
On 14 July 2026, HM Treasury (HMT) published a consultation paper in relation to modernising payment services regulation.
Background
The government’s National Payments Vision sets out its ambition to ensure the UK has a trusted, world-leading payments ecosystem delivered on next generation technology, where consumers and businesses have a choice of payment methods
On 14 July 2026, HM Treasury (HMT) published a consultation paper in relation to ring-fencing reform.
Background
At Mansion House 2025, as part of the Financial Services Growth and Competitiveness Strategy, the Chancellor confirmed her intention to uphold the ring-fencing regime to protect depositors and financial stability while taking forward meaningful reform
On 2 July 2026, the Payments Vision Delivery Committee (PVDC) published an updated policy paper setting out thinking to guide engagement with stakeholders in the payment ecosystem on future roles, responsibilities and interactions with respect to the future core infrastructure.
Background
Following publication of the PVDC’s Strategy for Future Retail Payments Infrastructure in
On 1 July 2026, the Payment Systems Regulator (PSR) published an independent third-party report which found that the UK’s authorised push payment (APP) scam policies have delivered net benefits in their first year, reducing fraud losses and strengthening protection for consumers.
Background
The reimbursement requirement came into force in October 2024
On 25 June 2026, the Bank of England (BoE) published a consultation setting out its proposals for the design of the future retail payments infrastructure.
Background
The Future of Payments Review published in November 2023 by HM Treasury (HMT), identified increasing complexity in the payments landscape, with multiple in‑flight initiatives and