Tag Archives: UK regulation

UK National Payments Vision Update: FCA Licensing Compliance Framework for Tokenized Payments and a Multi-Currency Ecosystem

The core innovation of the PVDC update is that it no longer views "tokenization" as an additional layer to the existing payment system, but instead requires its inclusion from the infrastructure design phase. The document explicitly states that "programmable payments, including payment forms that rely on tokenization," are listed as potential product-level arrangements to support payment innovation in the UK.