FCA welcomes the Treasury’s national payment vision

We share the vision of an innovative, safe and competitive payments sector, embracing technological change to better serve people and business.

The changes announced today will help ensure better coordination and clearer regulatory responsibilities. We will continue to work closely with the Payment Systems Regulator (PSR), the Bank of England and the government to deliver the vision we share.

We look forward to building on the work we've done in close partnership with the PSR so Open Banking can deliver benefits for consumers and industry.

And we welcome the vision's clear focus on tackling financial crime, which is one of our strategic priorities.