BoE consults on the design of the future retail payments infrastructure

The Retail Payments Infrastructure Board Launches Consultation on the Next Generation of UK Payments Infrastructure

Today marks a major milestone in the modernisation of the UK's payments landscape, with the Retail Payments Infrastructure Board (RPIB) launching a consultation on the future design of the UK's next-generation retail payments infrastructure. The new infrastructure will provide a secure foundation for innovation, greater choice and more seamless payments, while supporting existing and emerging forms of digital money.  This consultation will help …

BoE consults on the design of the future retail payments infrastructure

On 25 June 2026, the Bank of England (BoE) published a consultation setting out its proposals for the design of the future retail payments infrastructure.BackgroundThe Future of Payments Review published in November 2023 by HM Treasury (HMT), identified increasing complexity in the payments landscape, with multiple in‑flight initiatives and a lack of a clearly articulated long‑term goal for the infrastructure. As a result, this review recommende…