8: All you need to know about the UK New Payments Architecture

In this episode of Bitesize Regulation, Paul Thomalla is joined by Kate Fitzgerald to discuss all things UK New Payments Architecture (NPA). Following an unexpected three-year delay, the NPA is now on its way and will start impacting direct Faster Payments Scheme (FPS) participants in the next 12 months. Tune in to find out what caused the need to transition from FPS to NPA, when the full implementation for banks is predicted and what it requires for the NPA to truly benefit everyone in the payment ecosystem.