This week we welcome Trustly and Hope Macy as the newest shareholders of UK Payments Initiative. UKPI’s 23 founding shareholders span tier one incumbent banks, leading digital first banks, and a wide range of open banking payment providers and fintechs.
By subscribing, Trustly and Hope Macy join our other shareholders in a shared commitment to accelerating open banking adoption and building the infrastructure that allows it to reach its full potential in the UK. This comes alongside the announcement at Mansion House today of a consultation on access rights for variable recurring payments, and granting FCA powers to support commercial open banking schemes, providing the statutory and regulatory foundation for further expansion of UKPI’s commercial model.
Richard Koch, Managing Director of UK Payments Initiative, said:
“We’re delighted to welcome Trustly and Hope Macy into UK Payments Initiative shareholding. Their expertise, innovation and commitment to advancing open banking payments will strengthen our growing community of shareholders and help us build an even broader, more representative voice for the industry.”
As our shareholder community continues to grow, so does the breadth of expertise and experience helping to inform our work. We are looking forward to seeing the use cases implemented in partnership with these two firms and our other shareholders.
UP
UKPI Press Office
Official Communication
The UKPI Press Office issues official statements, briefings, and updates on behalf of the UK Payments Initiative, championing standards that shape the future of commercial Variable Recurring Payments.
