Pay.UK

The Pay.UK (formerly UK Payments Administration) is a United Kingdom service company that provides people, facilities and expertise to the UK payments industry.

Pay.UK

Company type	Non-profit limited company
Industry	Financial services
Predecessor	Association for Payment Clearing Services
Founded	July 6, 2009; 15 years ago (2009-07-06)
Headquarters	London , United Kingdom
Area served	United Kingdom
Services	Payment infrastructure in the United Kingdom
Website	www.wearepay.uk

UKPA was created on 6 July 2009, as a successor of the Association for Payment Clearing Services (APACS) to support the systems behind UK payments, such as Bacs, CHAPS and the Cheque and Credit Clearing Company. APACS had been created in 1985^[1] to oversee the majority of UK payment clearing systems and keep their operational efficiency and integrity in order.

History

The organization was created to amalgamate the United Kingdoms domestic payment systems that had been operating separately for over 50 years. This included the Cheque and Credit Clearing Company, Bacs, cheque image clearing system, and Faster Payments.

Former UK prime minister Theresa May was a former employee.^[2]

In Sep 2017 the New Payment System Operator (NPSO) was established and in October that year the organisation was rebranded as Pay.UK.^[3]

In May 2018 Bacs and Faster Payments officially became subsidiaries of Pay.UK.^[4]