UK payments schemes consolidated as Pay.UK
Pay.UK has become home for Bacs, Faster Payments, and cheque and credit clearing. It is also the formal home of their people, a skilled team with a wealth of experience across the UK’s complex payments industry.
This is the final stage of bringing the UK payment brands together under the Pay.UK roof. Importantly, there will be no discernible difference for participants, service users, and end users other than a new email address: @wearepay.uk
Every day, businesses and individuals use the services provided by Pay.UK to receive or pay salaries, settle bills, and make online and mobile banking payments – more than £7 trillion moved through Bacs Direct Credit, Direct Debit, Faster Payments, Paym, and cheques in 2018.