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ARTICLE · 13 NOVEMBER 2026

Future Retail Payments Infrastructure: Broad Support For Renewal, Key Design Choices Ahead

Lewis Silkin
Lewis Silkin
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Lewis Silkin

Lewis Silkin

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The Bank of England has published its response to the Retail Payments Infrastructure Board (RPIB) consultation on the design of the UK's Next Generation retail payments infrastructure. Respondents said they wanted renewal to be done at pace, while getting the design and delivery choices right.

United KingdomFinance and Banking
Wendy Saunders
Wendy Saunders
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The Bank of England has published its response to the Retail Payments Infrastructure Board (RPIB) consultation on the design of the UK's Next Generation retail payments infrastructure. Respondents said they wanted renewal to be done at pace, while getting the design and delivery choices right. The consultation marked an important step in translating the Payment Vision Delivery Committee (PVDC) Strategy into a high-level infrastructure design. It sought views on:

  • The future payment journeys that the infrastructure should support for households and businesses;
  • The principles that should guide its design; and
  • Its role as a 'platform for innovation' across the payments ecosystem.

Respondents broadly supported the consultation's direction and its five intended outcomes:

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