DEBATE: Instant Payments vs Card Schemes: Who Will Own the UK Transaction Rails in 2026?
27 Jan 2026
- Cost & Economics: Will the shift toward instant account-to-account payments materially erode card scheme interchange and processing economics by 2026?
- Risk and Liability Models: Can UK instant payment systems (FPS to NPA and Pay.UK fraud mandates) deliver a liability and dispute model robust enough to rival Section 75 protections?
- Consumer, Merchant & Wallet Adoption: As digital wallets continue to rise, will they strengthen the dominance of tokenised card payments or become a new gateway for instant account to account transactions at checkout?
