With millions of people in the UK struggling to access affordable financial services, The Payments Association is calling attention to underutilised solutions including community finance options like credit unions. The association’s newly released paper: “Redefining Community Finance: Unlocking Pathways to Financial Inclusion” highlights the potential of these institutions but also the significant barriers hindering their growth. The Payments Association’s Financial Inclusion Working Group has the specific purpose to inform and collaborate with government, regulators and third sector bodies, providing clarity on innovations and solutions in payments that can reduce financial…
Read MoreThe Payments Association echoes industry calls for policymakers and the fintech sector to support consumers with community finance
