banking.foundation / Payments / Faster Payments System
Payment network · Instant payments · United Kingdom
Faster Payments System
The UK's real-time retail payment system, launched in 2008, crediting recipients in seconds around the clock. Funds move instantly for customers while participating banks settle net across accounts at the Bank of England several times each business day.
- Type
- Instant payments
- Operator
- Pay.UK
- Region
- United Kingdom
- Currency
- GBP
- Launched
- 2008
- Settlement model
- instant credit; deferred net interbank
- Website
- www.wearepay.uk
Approximate reference data from public sources · seed-0.1 · 2026-08-28 · not real-time, not advice. See data & methodology.
# this page as data
GET https://banking.foundation/api/v1/payment-networks/uk-faster-payments