As part of its Market Investigation into competition in the UK’s retail banking sector, the Competition and Markets Authority (CMA) is requiring the nine largest current account providers in the UK
As more and more people move to conducting their lives online, customer demand is increasingly a key driver in how data is viewed and used. Payments UK commissioned research on attitudes to data to mark the publication of its data report, revealing some interesting results.
In March, Payments UK published a report in its Changing Payments Landscape series focused solely on the role of data. Its publication coincided with Payments UK’s inaugural conference on data.
- Change driven by growth in customers choosing contactless – usage almost tripled in 2016
- By 2026, contactless is forecast to account for more than one in four (27%) of all payments
Maurice Cleaves, Chief Executive of Payments UK said:
Research commissioned to mark the publication of ‘Changing Payments Landscape - A focus on payments data’
Payments UK has today (Tuesday 28 February) published a new report that looks at the practical implications for payments arising from the UK’s exit from the EU.