Opportunities and challenges for payments innovation in the UK

Dunne, Chris

Practice paper

Opportunities and challenges for payments innovation in the UK

Chris Dunne

Journal of Digital Banking, 1 (2), 161-168 (2016)

https://doi.org/10.69554/TXFZ7742

Abstract

This paper examines the essential trends and current state of payments innovation in the UK to identify the markets with the greatest potential for future development of digital banking. The paper also describes the current environment for payments innovation in the UK, with particular reference to the newly established Payment Systems Regulator and the role of the Payments Strategy Forum.

Keywords: payments; innovation; personal current accounts; API; distributed ledger; digital currencies; Faster Payments; Bacs; Payment Systems Regulator

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Citation

Dunne, Chris (2016, September 1). Opportunities and challenges for payments innovation in the UK. In the Journal of Digital Banking, Volume 1, Issue 2. https://doi.org/10.69554/TXFZ7742.