Access to Payment Schemes for Fintechs
Michael Bond
15 years: Financial technology & banking
Since 2017 the Bank of England has provided a framework for non-bank payment service providers to access all UK domestic payment schemes. In this video, Michael outlines the route for Fintechs to get access to payment schemes.
Since 2017 the Bank of England has provided a framework for non-bank payment service providers to access all UK domestic payment schemes. In this video, Michael outlines the route for Fintechs to get access to payment schemes.
Access to Payment Schemes for Fintechs
8 mins 51 secs
As Fintech continues to expand, they will increase their role in the day-to-day life of making and receiving payments for retail and wholesale customers. They will continue to get access to commercial banks and markets as they encourage growth and technological innovation in finance.
Key learning objectives:
Recognise the components of a payment scheme
Identify Fintech’s increasing role in payments
Understand the schemes provided by the UK and the Bank of England
Michael Bond
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