Payments Forward Plan Published

UK PSR News

Published January 1st, 2027

Detected March 12th, 2026

Summary

The Payments Vision Delivery Committee, comprising HM Treasury, the Bank of England, the FCA, and the PSR, has published the Payments Forward Plan. This plan outlines upcoming initiatives in retail and wholesale payments, including digital assets, to foster a trusted, world-leading payments ecosystem.

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What changed

The Payments Forward Plan, published by the Payments Vision Delivery Committee (including HM Treasury, Bank of England, FCA, and PSR), details upcoming initiatives across retail and wholesale payments, with a focus on digital assets. The plan aims to deliver the UK's National Payments Vision for a next-generation payments ecosystem, providing clarity to firms on future developments and supporting innovation.

The plan is intended to help firms plan and innovate by providing clarity on what is coming and when. The Committee will also enhance its focus on payments in the Regulatory Initiatives Grid for its 2027 publication. While the plan itself is non-binding, it signals future regulatory and policy directions, requiring firms involved in the UK payments sector to monitor these developments and prepare for potential future requirements.

What to do next

Review the Payments Forward Plan for upcoming initiatives relevant to your business.
Monitor the Regulatory Initiatives Grid for enhanced focus on payments in 2027.
Incorporate insights from the plan into strategic planning and innovation efforts.

Source document (simplified)

The Payments Vision Delivery Committee (the Committee) has published the Payments Forward Plan (the Plan).

The Payments Vision Delivery Committee - comprising HM Treasury, the Bank of England, the Financial Conduct Authority, and the Payment Systems Regulator - has today published the Payments Forward Plan.

The Plan sets out upcoming initiatives across retail and wholesale payments, including elements of digital assets. Recent publications on open banking, stablecoins and contactless limits, alongside the initiatives in the Plan, show the high level of activity across the sector.

The Plan provides clarity on what is coming and when, helping firms plan ahead and focus on innovation. The Plan sets out actions to deliver the Government’s National Payments Vision of a trusted, world-leading payments ecosystem built on next-generation technology, offering consumers and businesses a choice of payment methods.

The Committee will continue to consider our collective impact on firms and support competition, innovation and economic growth.

Going forwards, the Committee has agreed to add an enhanced focus on payments to the Regulatory Initiatives Grid in its first 2027 publication.