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.”

-ENDS-

For further information please contact:

Gerard Swinley

Gerard.swinley@kpmg.co.uk

M: +44 7510 375540

KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.72 billion in the year ended 30 September 2022.  

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