Accelerating instant payments in the UK: Why ecosystem incentives are key to success
Published on June 1, 2025
While account-to-account payments have become the norm for peer-to-peer transactions in the UK, they have failed to gain traction for consumer purchases. In this article, we look into the key players needed to drive A2A consumer payments—and how they are missing incentives to do so.
In the UK, account-to-account (A2A) payments have taken off for peer-to-peer (P2P) transactions, but they are only a small fraction of consumer purchases.
The introduction of Faster Payment System in 2008 and Open Banking in 2017 fueled optimism about the widespread adoption of A2A payments in the UK. Indeed, A2A instant payments have become…
