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731 FCA Launches UK Payments Initiative to Scale ‘Pay by Bank’ Adoption

The Fintech Times
The Fintech Times @ The Fintech Times · 12/22/2025 08:00 EDT

FCA Launches UK Payments Initiative to Scale ‘Pay by Bank’ Adoption

The FCA has launched the UK Payments Initiative (UKPI) with TrueLayer COO Rob Kerrigan on its board, aiming to scale Variable Recurring Payments as a "Bank on file" alternative to traditional card schemes.

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