( July 3, 2026, 12:39 GMT | Official Statement) -- MLex Summary: The UK government has set out a long-term strategy to modernize retail payment infrastructure, outlining priorities that will affect the likes of banks, payment providers and other fintech companies. The strategy prioritizes account-to-account payments at the point of sale, stresses the seamless use of different forms of digital money, including deposits and stablecoins, across payment systems, and advocates the use of infrastructure that supports programmable payments. It also calls for broader access to payment infrastructure, stronger fraud prevention capabilities and greater competition. The Retail Payments Infrastructure Board is tasked with developing the next-generation system. The strategy document is attached. ...
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