Sterling Fnality Payment System

Distributed ledger - payment systems - Fnality - UK.

The Sterling Fnality Payment System uses Distributed Ledger Technology to transfer funds.

It is primarily focussed on wholesale and high value payments, backed by central bank money.

Source: UK Payments Systems Regulator.

Fnality and other payment systems could promote competition

"[In 2023/24 we will] develop our approach to regulating the Sterling Fnality Payment System...

The emergence of designated payment systems such as Sterling Fnality could present alternatives to the existing payment systems.

This may promote competition within the market."

UK Payments Systems Regulator - Annual Plan 2023/24 - p44.

See also

• Central bank money
• Competition
• Distributed ledger
• Fnality International
• Interbank Funds Transfer System
• Payment infrastructure
• Payment service provider
• Payment system
• Payment Systems Regulator (PSR)
• Sterling
• Wholesale

Other resource

Fnality - about us