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EPA publishes response to HM Treasury’s Payments Landscape Review

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The EPA challenges the Government’s changes to the payments landscape, alongside its recommendations

London, United Kingdom. 21st October 2020: The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today published a paper containing the community’s responses to HM Treasury’s Payments Landscape Review: Call for Evidence, detailing recommendations on how to ensure the UK’s payments industry becomes progressive, world-leading and secure, and effective at serving the needs of everyone who pays and gets paid.

The paper describes some of the opportunities and challenges facing payments firms, including macro factors such as Brexit and changing regulations in the European Union (EU) to industry developments such as Open Banking and ISO202022. Furthermore, the consultation response details how technology-enabled developments like Central Bank Digital Currencies and QR-Code enabled payment platforms are enjoying widespread adoption in Asia.

The community’s response also considers the implications of changing consumer behaviour, as a result of the current pandemic and the importance of monitoring and evolving the roles and responsibilities of the different stakeholders leading and regulating payments in the UK.

Overall, the EPA believes that the Government is meeting its objective that UK payments networks operate for the benefit of end-users but that more can be done over time to create an even fairer playing field.

Tony Craddock, Director General of the Emerging Payments Association, commented: “The EPA welcomes the opportunity to contribute to HM Treasury’s Payments Landscape Review. The community’s responses reflect views expressed by our diverse members from across the payments value chain. It is testimony to the collegiate and collaborative nature of our industry, having been drafted by a member of our Project Regulator Team, and shaped and enhanced by contributions from the rest of the team and other volunteer members.”

Robert Courtneidge, Independent Industry Advisor and EPA Project Team Member, who drafted and coordinated the EPA’s response, added: “Once again the EPA’s Project Regulator Team has worked together on short notice to produce insights and opinions on how to keep the UK at the top of the World’s Fintech ladder.”

To download a copy of the paper, please visit:

For more information on the work and services of the EPA you can visit: you can speak directly to the EPA at: [email protected]




About the EPA

The Emerging Payments Association (EPA), established in 2008, sets out to make payments work for everyone. To achieve this, it runs a comprehensive programme of activities for members with guidance from an independent Advisory Board of 15 payments CEOs.

These activities include a programme of digital and (when possible) face-to-face events including an online annual conference and broadcast awards dinner, numerous briefings and webinars, CEO Round Tables, and networking and training activities. The EPA also runs six stakeholder working groups. More than 100 volunteers collaborate on the important challenges facing our industry today, such as financial inclusion, recovering from Covid-19, financial crime, regulation, access to banking and promoting the UK globally. The EPA also produces research papers and reports to shed light on the big issues of the day and works closely with industry stakeholders such as the Bank of England, the FCA, HM Treasury, the Payment Systems Regulator, Pay.UK, UK Finance and Innovate Finance.

The EPA has over 130 members that employ over 300,000 staff and process more than £7tn annually. Its members come from across the payments value chain including payments schemes, banks and issuers, merchant acquirers, PSPs, retailers, TPPs and more. These companies have come together to join our community, collaborate, and speak with a unified voice.

The EPA collaborates with its licensees at EPA EU and EPA Asia to create an interconnected global network of people passionate about making payments work for all.


Media contact

Scott Girling-Heathcote, Senior Account Manager, SkyParlour: [email protected] / +44 (0)330 043 1315

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