Association Of Uk Payment Institutions

The AUKPI serves as the trade body for Payment Institutions and agencies in the UK and provides a forum for the examination and discussion of all relevant questions relating to the payments sector and money transfer. Our aim is the promotion and maintenance of high standards of business conduct and professional competence. All full members of the Association must be Payment Institutions regulated by the FCA. As of January 2020, there were approximately 370 Authorised PI's and 650 registered PI's. Plus approximately 200 EMIs. By comparison, there were around 568 API's in EEA. This demonstrates that the UK has a core competence in payment services and that the majority of EEA PI's have their head office in the UK. The FCA, HM Revenue and Customs and other government departments with an interest in the payment sector and have confirmed that they recognize the role of the AUKPI in representing the UK money transfer and payments industry.
Social Link - Linkedin: http://www. linkedin.com/company /aukpi
Keywords: financial services