Compliance Under Construction: Key Takeaways from the UK Payments Forward Plan

The UK Payments Forward Plan, published in February 2026, is intended to be a clear, coordinated regulatory roadmap for the UK’s payments sector over the next three years.

It was created by HM Treasury and the Payments Vision Delivery Committee, which includes representatives from the Bank of England (BoE), the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR).

The document had been expected since the launch of the UK government’s National Payments Vision (NPV) in November 2024, and outlines how the authorities intend to balance innovation, resilience and consumer protection.

It sets out a sequenced pipeline of 30 individual payments-related initiatives, aiming to give the industry clarity on upcoming changes, enabling firms to plan ahead, manage resources and innovate.

This document offers an assessment of the plan’s strengths, weaknesses and likely impact on the UK payments industry over the coming months and years, as well as the full text of the plan itself.

Vixio's analysis and the full Payments Forward Plan can be found here.