The BoE has just launched a consultation on the future design of the UK's next-generation retail payments infrastructure.
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The consultation focuses on the different types of payments the new infrastructure should support. Alongside existing functionality, it would enable new payment methods such as account-to-account payments at the point of sale (as an additional option to card payments) and enhanced cross-border payments, delivering greater choice for users and faster and smoother payment experiences.
The consultation seeks views on the payment journeys, key design choices and priorities for the next-generation retail payments infrastructure. Feedback will help inform the high-level design to ensure it meets the needs of current and future users and will shape the next phase of work by the Delivery Company. The deadline for responses is 11 September 2026.
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- Todor
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Todor Kostov
Director
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