On 18 August 2015 Consult Hyperion, an electronic transaction consultancy, published a report into what they envisage will happen within the UK payments industry over the next few years. The report, which was commissioned by Payments UK, considers the pace of change in the UK payments market and the key drivers (technological, regulatory and consumer-led) for those changes.
What this means for you
Technological advances have revolutionised the payments industry over the past few years. The report considers likely developments over the next 5, 10 and 15 years. It also provides a comparison between the innovation of payment systems in the UK and the rest of the world.