Payments Manifesto

Driving payments forward by influencing, exploring, poking, heralding, enhancing, making, reinventing, ensuring, ushering, creating and digitising. A mission driven manifesto from Mike Chambers at Northey Point.

Payments Tracker

In this tenth round up of retail payments in 2023, for the 12 months to the end of September 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume and value for the UK's bulk clearing scheme remain... Continue Reading →

Card Payment Tracker

UK Residents cards in issue Source: UK Finance Card transactions by UK cardholders both in the UK and overseas: There were 2.21 billion debit card transactions in July, 4.9 per cent more than in July 2022. The total spend of £67.8 billion was 4.4 per cent higher than July 2022. There were 374.5 million credit... Continue Reading →

Payments Tracker

In this ninth round up of retail payments in 2023, for the 12 months to the end of August 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume and value for the UK's bulk clearing scheme are... Continue Reading →

Payments Tracker

In this eighth round up of retail payments in 2023, for the 12 months to the end of July 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume and value for the UK's bulk clearing scheme have... Continue Reading →

Streamlined Payment Infrastructure

Tuum and Numeral Empower Financial Institutions to Rapidly Expand Across Europe with a Streamlined Payment Infrastructure Tuum, a leading next generation core banking provider, and Numeral, a leading bank orchestration platform, today announce a strategic partnership to empower financial institutions and fintechs to efficiently launch and expand across Europe and the UK, leveraging a robust... Continue Reading →

Card Payment Tracker

UK Residents cards in issue Source: UK Finance Card transactions by UK cardholders both in the UK and overseas: There were 2.1 billion debit card transactions in April, 5.1 per cent more than in April 2022. The total spend of £66 billion was 2.1 per cent higher than April 2022. There were 326.4 million credit... Continue Reading →

Payments Tracker

In this sixth round up of retail payments in 2023, for the 12 months to the end of May 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume and value for the UK's bulk clearing scheme have... Continue Reading →

Payments Tracker

In this fifth round up of retail payments in 2023, for the 12 months to the end of April 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume and value for the UK's bulk clearing scheme are... Continue Reading →

Payments Tracker

In this fourth round up of retail payments in 2023, for the 12 months to the end of March 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume for the UK's bulk clearing scheme and the UK's... Continue Reading →

Card Payment Tracker

UK Residents cards in issue Source: UK Finance Card transactions by UK cardholders both in the UK and overseas: There were 2 billion debit card transactions in January, 13.4 per cent more than in January 2022. The total spend of £64.7 billion was 12.1 per cent higher than January 2022. There were 321.3 million credit... Continue Reading →

Payments Tracker

In this third round up of retail payments in 2023, for the 12 months to the end of February 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volume and value for the UK's bulk clearing scheme and... Continue Reading →

Payments Tracker

In this second round up of retail payments in 2023, for the 12 months to the end of January 2023, we continue to see double digit growth in the volume and value of Faster payments and double digit decline in paper clearing. The growth in volumes for the UK's bulk clearing scheme and the UK's... Continue Reading →

Payments Tracker

In this first round up of retail payments in 2023, which covers the 12 months to December 2022, double digit growth in Faster payments and double digit decline in paper clearing continues with a steady state for the UK's bulk clearing scheme and growth in the volume and value of the UK's real time gross... Continue Reading →

Card Tracker

Source: UK Finance The UK Finance Update for October 2022 reports: Card transactions by UK cardholders both in the UK and overseas: There were 2.2 billion debit card transactions in October, 12.4 per cent more than in October 2021. The total spend of £66.6 billion was 9.1 per cent higher than October 2021. There were... Continue Reading →

Payments Tracker

In this final round up of retail payments in 2022, we see how the UK's bulk clearing scheme is holding is own, compare double digit growth in instant payments with double dight decline in the last bastion of paper clearing and, we are grateful, that the UK's real time gross settlement system remains a mystery... Continue Reading →

Don’t worry about it, I’ll Tikkie you

As a reader of Payments:Unpacked you will know that payment systems are vital to the UK economy and play a remarkable role in ensuring that payment for the goods and services we all consume are efficient, safe, resilient and friction-free. One remaining area of payment friction is actually asking someone for some money to settle up for... Continue Reading →

Payments Tracker

In this eleventh round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we now 'live with Covid' with similar conditions in the equivalent months in 2021 following the lifting of restrictions at the end of Lockdown 3.0. Note: All data is... Continue Reading →

Who are Pay.UK and what do they do?

As a reader of Payments:Unpacked you will know that payment systems are vital to the UK economy and play a remarkable role in ensuring that payment for the goods and services we all consume are efficient, safe, resilient and friction-free. On its website home page the UK’s payment system regulator states: Every time anyone uses a cash... Continue Reading →

Payments Tracker

In this tenth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with similar conditions in the equivalent months in 2021 following the lifting of restrictions at the end of Lockdown 3.0. Note: All data is publicly... Continue Reading →

Payments Tracker

In this ninth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with similar conditions in the equivalent months in 2021 continuing as restrictions had been lifted at the end of Lockdown 3.0. Note: All data is... Continue Reading →

Payments Tracker

In this eighth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with the comparison now with similar conditions in the equivalent months in 2021 as restrictions had been lifted at the end of Lockdown 3.0. Note:... Continue Reading →

Payments Tracker

In this seventh round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK as we 'live with Covid' with the comparison now with similar conditions in the equivalent months in 2021 as restrictions had been lifted at the end of Lockdown 3.0. Note:... Continue Reading →

Remittances in an envelope

In her “Liv On Money” blog series Olivia Minnock recounts discussions with older family members about how they’ve managed money throughout their life, in a world where FinTech didn’t exist (or, Olivia questions, did it?). With Olivia’s permission, we are publishing this fantastic historical insight into money remittances in full. The global remittance market is... Continue Reading →

Payments Tracker

In this sixth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the removal of Covid restrictions, compared now with similar conditions in the equivalent months in 2021 as we emerged from Lockdown 3.0 Note: All data is publicly sourced and... Continue Reading →

Payments Tracker

In this fifth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the easing of Covid restrictions, compared to the final days of Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK April... Continue Reading →

Payments Tracker

In this fourth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the easing of Covid restrictions, compared to the final weeks of Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK March... Continue Reading →

Payments Tracker

In this third round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK with the easing of Covid restrictions, compared to Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK February 2022, Link March 2022... Continue Reading →

Payments Tracker

In this second round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK now Covid restrictions are easing, compared to Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK January 2022, Link February 2022 and... Continue Reading →

Payments Tracker

In this first round up of retail payments in 2022, with increased Covid restrictions still in place for the period under review, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK December 2021, Link January 2022 and... Continue Reading →

Pandemic sparks evolutionary year for Canadian payment landscape

The Canadian payments landscape in nine facts from Payments Canada: Electronic payments represented 79 per cent of all transactions, compared to 77 per cent in 2019 – accounting for 15.8 billion transactions and representing 66 per cent of total payments value (the combined monetary value of total transactions) in 2020. Contactless payments grew dramatically, increasing 13 per... Continue Reading →

Payments Tracker

In this last round up of retail payments in 2021, with Covid restrictions under review, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK November 2021, Link December 2021 and UK Finance September 2021. Source: Pay.UK Limited... Continue Reading →

From Morse code to Monzo

Raconteur have been thinking about the history of Fintech. Innovations in the financial sector have transformed the way we save, spend and trade. Banking systems, which once relied on London bank clerks meeting in the Six Bells tavern to exchange cheques, are now automated thanks to advances in technology.  Customers have also benefitted, with a slew... Continue Reading →

Payments Tracker

In this October round up of retail payments, as restrictions have eased but caution remains, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK September 2021, Link October 2021 and UK Finance July 2021. Source: Pay.UK Limited... Continue Reading →

Payments Tracker

In this September round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK August 2021, Link September 2021 and UK Finance June 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this August round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK July 2021, Link August 2021 and UK Finance May 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this July round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK June 2021, Link July 2021 and UK Finance April 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this June round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK May 2021, Link June 2021 and UK Finance March 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this May round up of retail payments, as restrictions begin to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK April 2021, Link May 2021 and UK Finance February 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this April round up of retail payments, we see the impact of the final month of Lockdown 3.0 on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK March 2021, Link April 2021 and UK Finance January 2021. Source: Pay.UK Limited... Continue Reading →

Card Industry Professionals appoint first NED

Card Industry Professionals (CIP) have appointed Mark Westwell as a Non-Executive Director and Chair of the Board. Card Industry Professionals have numerous years of experience within the card payments industry. CIP have witnessed and contributed to the evolution of how customers pay. With Debit Card payments having overtaken cash payments by 2017 (UK Finance – UK Payments... Continue Reading →

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