Non-bank payment service providers to gain access to settlement accounts at the Bank

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Non-bank payment service providers to gain access to settlement accounts at the Bank

19th July 2017, 09:40:AM

The Bank of England is extending access to settlement accounts in its real-time gross settlement (RTGS) system to non-bank payment service providers, enabling direct access to the UK’s sterling payment systems.*In doing so, the Bank of England aims to promote innovation and competition in the payments sector.

https://www.fca.org.uk/news/news-sto...s-bank-england

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Non-bank payment service providers to gain access to settlement accounts at the Bank

Non-bank payment service providers to gain access to settlement accounts at the Bank

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