Bringing the UK’s payments architecture into the modern world is an undeniable necessity. Fortunately, the project to modernise and future-proof the UK’s payments infrastructure is well underway. The New Payments Architecture, known simply as NPA, is intended to provide the country with a resilient, robust, and scalable payments platform.
However, with testing planned to begin in 2024, banks need to act now in order to be ready for what will undoubtedly be a wide reaching change across all areas of their financial systems.
Our Form3 guide ‘Meeting the challenges of the UK’s New Payment Architecture’ is a comprehensive guide providing key insights into the various NPA options and considerations banks must consider. As well as an NPA playbook to ensure your preparations are a success.