KPMG comments on HM Treasury’s Future of payments review
Imran Ali, director in KPMG UK’s payments team, said: “This an opportunity for the UK to outline a world-leading vision for its payments systems. A coherent and coordinated roadmap for UK Payments would ensure the country remains at the forefront of innovation in the future.
“Since the work of the Payments Strategy Forum in 2017, there have been significant changes in customer expectations, regulation, technology, and international agreements. Many in the payments industry will welcome this review as the UK reaches an important crossroads with the development of the new payments architecture, the publishing of the Joint Regulatory Oversight Committee report on Open Banking and considerable focus on continuing to meet the needs of customers.”
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