Token.io joins UK Government Vision Engagement Group to shape future of payments

30 January 2025, London — Token.io, the leading account-to-account (A2A) payment infrastructure provider, is pleased to announce that its Chief Product Officer, Charles Damen, has been appointed to the Vision Engagement Group (VEG), informing and supporting the work of the UK government’s National Payments Vision (NPV).

”I am honoured to be selected for the Vision Engagement Group," said Charles Damen. ”The NPV represents a significant step towards ensuring A2A payments can be used by every Briton, everywhere they pay — including e-commerce, where consumers and businesses lack a genuine choice of payment methods to meet their needs. I look forward to contributing Token.io's insights and collaborating with other industry leaders to drive innovation and ensure the UK remains a world leader in retail payments.”

The NPV, unveiled in November 2024, charts a bold course for the future of payments in the UK, recognising the crucial role of A2A payments in driving competition and growth. A Payments Vision Delivery Committee — consisting of HM Treasury, the Bank of England, the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) — will deliver on the actions laid out in the NPV, including the rollout of Variable Recurring Payments (VRP) in 2025, with private-sector input and advice from the Vision Engagement Group.

This announcement comes as the FCA and PSR unveiled the next steps for open banking in the United Kingdom, including a commitment to achieving significant progress on the rollout of VRP this year.

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