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918 UKPI Unveils First New UK Payment Scheme Since 2008 to Take on Legacy Rails

The Fintech Times
The Fintech Times @ The Fintech Times · 06/09/2026 09:19 EDT

UKPI Unveils First New UK Payment Scheme Since 2008 to Take on Legacy Rails

UK Payments Initiative has launched the UK's first new payment scheme in nearly 20 years, creating a standardized framework for variable recurring payments and accelerating scalable account-to-account transactions powered by open banking.

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