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
On 2 June 2026, the launch of the UK Payments Initiative (UKPI) was announced intended to take forward innovation in open banking and commercial variable recurring payments.
Summary
The new scheme is intended to enable recurring and automated payments to businesses and government, in a way that is consistent, scalable, and designed for
In the latest edition of our global podcast series, Future of Payments, James Morris and Simon Lovegrove continue their discussion on Australia’s payment services reforms focussing on the proposed safeguarding regime.
Listen to this episode here.
On 26 May 2026, the Ordinance on Notifications and the Submission of Documents under the Crypto Markets Supervision Act (Verordnung über die Anzeigen und die Vorlage von Unterlagen nach dem Kryptomärkteaufsichtsgesetz – KMAnzV), issued by the Federal Financial Supervisory Authority (BaFin) on 20 May 2026, was published in the German Federal Gazette.
The
On 21 May 2026, the Payment Systems Regulator (PSR) published its proposed direction and guidelines: regulatory financial reporting in relation to the market review of card scheme and processing fees.
Background
In April 2025, the PSR published a remedies consultation (CP25/1), setting out four potential remedies to address its conclusions from
On 7 May 2026, the Financial Conduct Authority (FCA) published its approach document (version 8) on payment services and electronic money. The approach document describes the FCA’s approach to implementing the Payment Services Regulations 2017 and the Electronic Money Regulations 2011and amends version 7, from March 2026.
This version sets out updates
On 23 April 2026, the Council of the EU published an ‘I’ Item Note (dated 17 April 2026) regarding the draft Payment Services Directive 3 (PSD3) and the Payment Services Regulation (PSR). The Council also published final compromise texts for PSD3 and the PSR. The Note suggests that the Committee