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Payment Services Regulatory News

Week ending 22 October 2020

15 October 2020: HM Treasury has published a call for evidence setting out the government’s aims for protecting access to cash throughout the UK. It seeks views on how the government can ensure the UK maintains an appropriate network of cash withdrawal and deposit-taking facilities over time through legislation, including the potential role of cashback. The government wants to further understand the factors affecting cash acceptance, and is seeking industry views on whether it should give a single regulator overall statutory responsibility for maintaining access to cash. Feedback is sought by 25 November 2020.

21 October 2020: The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has responded to HM Treasury’s Payments Landscape Review: Call for evidence. The EPA believes that the government is meeting its objective that UK payments networks operate for the benefit of end-users, but that more can be done over time to create an even fairer playing field.

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