Our purpose
To power payments, champion innovation and give the UK choice in how it pays — quickly, safely and at the lowest cost.
About Us
Powering payments for the UK
We provide the digital networks that make payments secure, safe and simple for the UK's banks and building societies, payment providers and their customers.
11.4bn
Payments cleared in 2025
£9.2tn
Value processed
40+
Participating banks
What we operate
Three of the UK's core retail payment systems: Faster Payments, Bacs and the Image Clearing System for cheques.
Who we serve
Households, businesses, charities and the public sector — anyone in the UK who needs to send or receive money.
How we're governed
We are an independent, not-for-profit company supervised by the Bank of England and the Payment Systems Regulator.