Bank of England board consults on design of next-generation UK retail payments infrastructure

The Retail Payments Infrastructure Board has opened a consultation that will shape the blueprint for Britain's next-generation retail payments system. It covers the payment journeys, design choices and functionality the new infrastructure should support, from account-to-account payments at the point of sale to enhanced cross-border flows. The output feeds a new industry-led Delivery Company. Responses close 11 September 2026.

• RPIB consultation seeks views on payment journeys, design choices and priorities for the UK's next-generation retail payments infrastructure; responses close 11 September 2026.
• Proposed functionality includes account-to-account payments at the point of sale as an additional option to cards, and enhanced cross-border payments.
• A new industry-led Delivery Company will own and deliver the core infrastructure; Pay.UK continues running existing systems including Faster Payments, Bacs and the Image Clearing System.

Executive summary

The Retail Payments Infrastructure Board (RPIB) opened a consultation on 25 June 2026 on the future design of the UK's next-generation retail payments infrastructure. The RPIB is a senior industry advisory board chaired by the Bank of England, bringing together…

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