ARTICLE
23 April 2025

Financial Regulation - In The Know: Payments

AG
Addleshaw Goddard

Contributor

Addleshaw Goddard is an international law firm, almost 250 years in the making. We're trusted by over 5000 organisations, including 50 FTSE 100 companies, to solve problems, deliver deals, defend rights, comply with regulations and mitigate risk. Our work spans more than 50 areas of business law for clients across multiple industries in over 100 countries worldwide. And while the challenges our clients bring us may vary, we approach and solve them with the same, single-minded focus: finding the smartest way to achieve the biggest impact.

In this issue we provide an update on the next steps for the UK Cryptoassets regulation.
United Kingdom Technology

In this issue we share our insights on the current payments landscape in the UK. We also discuss some key trends that we have been seeing developing in this sector over the years including the expansion of Open Banking, increasing popularity of Digital Wallets and the development of a UK Digital Pound. We share our views on the present status of these different areas of the Payments landscape and how the regulators are striving to drive change to develop them further to bring within the UK payments ecosystem.

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What's next for future of payments?

The UK's Payments landscape has advanced substantially in recent years. There are several in-flight plans and initiatives across the payments sector, and with the recently published National Payments Vision (NPV) the UK Government has made it clear that they will take any necessary steps to enhance the UK's payments sector to support economic growth. In the section below we discuss some key trends that we have been seeing developing in this sector over the years including the expansion of Open Banking, increasing popularity of Digital Wallets and the development of a UK Digital Pound. We share our views on the current status of these different areas of the Payments landscape and how the Government and the regulators are striving to drive change to develop them further to bring within the UK payments ecosystem.

Read our insights here on what's next for future of payments

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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