UK publishes a Strategy to transform its retail payments infrastructure, enhancing innovation, interoperability, security, competition, and resilience through upgrades governance reforms

It sets out both short-term improvements, such as enhancements to the Faster Payments System, and longer-term infrastructure transformation to support next-generation technologies like tokenised deposits and account-to-account payments, while proposing governance reforms—including a new Retail Payments Infrastructure Board and an industry-led delivery company—to enable agile, collaborative delivery of the payments roadmap…