Faster Payments
UK's 24/7 real-time payments scheme enabling near-instant bank-to-bank transfers between participating banks and PSPs. Operated by Pay.UK via subsidiary Faster Payments Scheme Limited; the per-payment limit was raised from £250,000 to £1 million in February 2022. Processed 3.4 billion payments worth £2.6 trillion in 2021.
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Faster Payments overview
UK Instant Bank Transfers
Key features
Faster Payments pricing & fees
Pricing structure
- Your business must be registered in
- Not disclosed
- Headquarters
- London, United Kingdom
- Founded
- 2008
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Faster Payments settlement & payouts
Payouts
Faster Payments API & integration
API Profile
Platforms
Faster Payments coverage & payment methods
Regions
Supported countries
Payment methods
Faster Payments licensing & compliance
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Licenses, regulators, registry records and legal entities for Faster Payments — free with a PaymentProviders account.
2 legal entities · regulated in 1 jurisdiction
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