BoE launch of three engagement forums on retail payments

The Bank of England (BoE) has announced the launch of three new engagement forums under the Retail Payments Infrastructure Board as part of its National Payments Vision, aimed at informing the development of the UK's next generation retail payments ecosystem. The BoE will shortly invite nominations to join the Payments End User Forum, the Payments Innovation Design Group and the Payments Academic Advisory Group, each of which will provide specialist input from consumers and small businesses, innovators and fintechs, as well as academics respectively. Applicants will be assessed on: (i) relevant expertise in the forum's area (end-user insight, payments innovation or academic research); (ii) ability to make time to participate as set out in the terms of reference; (iii) diversity of perspective; and (iv) alignment with the purpose of the specific forum. The initiative is intended to support a more resilient, inclusive and innovative payments landscape by ensuring that system design is shaped by practical user needs, emerging technological opportunities and evidence‑based policy insights.

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