A lot’s shifting in the payments space — here’s a quick breakdown to keep you in the loop:
🔍 Regulation Refresh
The UK government’s planning to merge the Payment Systems Regulator (PSR) into the FCA. Idea is: less red tape, more innovation. But the jury’s out on whether this will really supercharge the industry.
đź“Š Big Picture Thinking
The “National Payments Vision” is reshaping the UK payments ecosystem — consolidating oversight, pushing open banking forward, and aiming to streamline what’s become a crowded regulatory space.
đź’» Tech’s Taking Over
- Blockchain-based platforms are gaining traction. Fnality launched one in GBP, giving institutions 24/7 settlement and added efficiency.
- The Digital Pound (“Britcoin”) is still in the works. The BoE’s exploring the move — think faster, cheaper, and programmable payments if it lands.
🧠Best Practice in 2025
- Biometrics are going mainstream (fingerprint, face ID etc.).
- Fraud prevention is getting smarter — AI and machine learning are helping firms stay ahead of APP scams.
At August Exchange, we keep our clients ahead of the curve. Whether you’re a business making international payments, or just want a no-nonsense breakdown of what’s next — we’ve got you.
Get in touch for a free review of your payment setup or FX exposure — and we’ll show you where value and risk can be better managed.
