The UK payments industry has been a longstanding global leader in financial innovation, setting global benchmarks for efficiency, security, and accessibility. In the past year alone, almost 50 billion payments were made by UK consumers and businesses, equivalent to around 1,500 transactions every second. As outlined in the government’s National Payments Vision, in order to process this quantity of payments, the underlying infrastructure must remain both secure and inclusive to meet evolving demands whilst addressing challenges such as fraud and financial exclusion. From mobile banking and digital wallets to contactless payments, cutting-edge technologies continue to transform the payment experience. The National Payments Vision outlines the government’s ambition for a world-leading payments sector that supports growth and sets the standard for global adoption. How can the industry adopt this framework to ensure that the UK payments sector remains a global leader, whilst adapting to emerging contemporary challenges?
This event will:
- Explore the challenges of digital inclusion, particularly for rural communities, and how innovation can address these gaps.
- Evaluate what the impact of the National Payments Vision will be on the payment experience and day to day life for consumers.
- Discuss strategies to mitigate emerging challenges, such as fraud and digital exclusion in an evolving payments landscape.