Payment services

The payments sector is vast. In 2018, over 39 billion payments were made in the UK, with a total value of more than £83 trillion. The sector covers money remittance and payment processing firms – and the FCA has recently introduced permissions for account information service providers and payment information service providers to carry out business. Previously the preserve of banks, the government continues to open up the sector, and non-bank players can now have access to the Faster Payments system.

As the payments sector has evolved since first regulated in 2009, the size of firms has become larger. The most successful firms have developed high-level IT platforms that drive their businesses. 

We offer services from statutory audit and financial reporting to regulatory advice and assurance. Our tax experts understand the importance of structuring, planning and compliance. We will help and guide you if you are looking for external finance or other transactional support. 

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