UK Payments Initiative

UKPI is an independent, industry owned and led body responsible for defining and advancing commercial Variable Recurring Payments (cVRP) for the next phase of UK account-to-account payments.

Explore cVRP Get involved

Member institutions

25+

Established

2026

Our Aims & Objectives

UKPI was established with a clear mandate: to deliver a framework for A2A that is secure, scalable, and built for the real-world needs of businesses and consumers across the UK.

Making cVRPs work

Creating the frameworks to allow cVRP to scale.

Great customer outcomes

Developing solutions that put customer outcomes first.

Innovation & Growth

Creating the conditions for new commercial use cases built on cVRP.

Regulatory Alignment

Working closely with the FCA to ensure alignment with UK policy and regulatory direction.

Making cVRPs work

Creating the frameworks to allow cVRP to scale.

Great customer outcomes

Developing solutions that put customer outcomes first.

Innovation & Growth

Creating the conditions for new commercial use cases built on cVRP.

Regulatory Alignment

Working closely with the FCA to ensure alignment with UK policy and regulatory direction.

Learn about cVRP

Governance & Meeting Structure

UKPI operates through a transparent, multi-layered governance model. Independent non-executive directors provide oversight at Board level, while specialist working groups lead delivery across technical, legal and operational areas.

All major deliverables are published for consultation prior to adoption, ensuring firms can review, challenge and shape the framework

Independent oversight at the highest level

Non-executive directors set direction and approve standards, ensuring independence from delivery.

Strategic direction
Senior regulatory engagement
Board Audit & Risk Committee

Cross-industry direction from firms' leaders

Senior representatives from member organisations translate strategy into a deliverable roadmap.

Roadmap prioritisation
Working group oversight
Member alignment and consensus

Specialist groups building the frameworks

Working groups bring together technical, product and policy expertise to develop detailed specifications.

API standards and interoperability
Consent and mandate management
Fraud, security and consumer experience

All firms shaping the future approach

A governance structure that takes into the views from across the ecosystem to inform decisions and future direction.

Participant forums established
Structured decision making framework
Firm submissions and input

Principles & Culture

We believe strong outcomes come from genuine collaboration. Our approach is grounded in openness, accountability and a shared commitment to delivering solutions that work in practice.

Collaboration First

We bring ecosystem firms together around a shared goal, ensuring solutions reflect real industry needs across banks, fintechs and payment providers.

Customer at the Centre

cVRPs are designed to protect and empower consumers, giving them clear control, transparency and confidence in how their payments operate.

Openness & Transparency

Consultations are open, decisions are shared, and governance is visible, ensuring the entire ecosystem can understand, challenge and shape outcomes

Continuous Improvement

We regularly review and evolve solutions using real-world feedback, ensuring the framework remains relevant as technology, regulation and market needs change.

Proportionate Scheme Rules

Rulebooks are designed to be robust yet practical, requiring strong customer protection with the flexibility but giving firms the flexibility to deliver in the most appropriate way to enable innovation and adoption.

Excellence in Delivery

We focus on clarity, quality and consistency, ensuring every standard, document and output is practical, usable and built for real-world implementation.