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Digital Currencies
The Digital Currencies Working Group aims to develop a programme of thought-leadership content that educates and makes recommendations to the industry on a range of topics from the different types of digital assets and regulatory frameworks to wider ecosystem design.
Featured report: Stablecoins across the payment stack: Applications, adoption, and regulatory readiness
Drawing on case studies from The Payment Association’s Digital Currencies Working Group, this report explores how stablecoins are being deployed across a range of use cases and where the opportunities, limitations, and bottlenecks lie.
The report provides a structured assessment of current stablecoin applications and regulation in the UK, spotlighting:
- compliance expertise and commercial innovations in tokenised assets,
- agentic commerce,
- cross-border transactions,
- consumer payments,
- and trade finance.
With insights from Addleshaw Goddard, Clear Junction, Elmore Insurance Brokers, NOBO, OpenPayd, Swift, Travers Smith, Worldpay, and more, it is an essential tool for any business wanting to engage with this crucial next step for the payments industry.
Whether you’re a policymaker, regulator, fintech founder, bank, investor, or innovator, this report offers essential insight into the future of digital money and what it means for your organisation.
Why should I join a working group?
Being a member of one of The Payments Association’s working groups comes with a host of benefits:
- You will get exclusive access to meetings with industry experts.
- The opportunity to build your network with the leading figures from across the payments industry.
- Invites to exclusive events from The Payments Association, like the Working Group AGM at the annual PAY360 conference.
- The opportunity to actively help deliver the Working Group outputs.
In addition, committee members will receive:
- An invitation to an annual in-person meeting and lunch.
- The opportunity to feature your headshot and company logo on selected outputs and our website.
- The opportunity to contribute and network in our monthly meetings.
All working group members are representatives of organisations with The Payments Association membership.
Strategy and approach
Team members
Carmel King
Daniel Holden
Eoin Cumiskey
Gareth Brett
Hristina Naneva
James Blackwell
James Meakin
Josh Channon
Lisa Lee Lewis
Mark Simms
Matthew Osbourne
Natalie Lewis
Robert Courtneidge
Russ Albert
Simon Gilbert
Simon Tweddle
Members involved
Outputs
The Payments Association welcomes the opportunity to contribute to the recent consultations from the Bank of England, FCA and House of Lords.
All of our consultation responses can be found on our policy page: Policy | The Payments Association
The community’s response contained in this paper reflects views expressed by our members and industry experts recommended by them who have been interviewed and who are referenced below. As The Payment Association’s membership includes a wide range of companies from across the payments value chain, and diverse viewpoints across all job roles, this response cannot and does not claim to fully represent the views of all members.
Discover how stablecoins and digital assets can unlock innovation, financial inclusion, and economic growth for the UK.
Dive into thought-provoking content from the Digital Currencies Working Group which aims to educate and pose recommendations to the industry on a range of topics from the different types of digital assets and regulatory frameworks to wider ecosystem design.
The Payments Association’s Digital Currencies Working Group team has released a report to provide valuable insights into the world of programmable digital assets. It proposes seven conclusions that will help guide the debate and policy work surrounding this emerging technology, in the payments industry and beyond.
Article: Retail central bank digital currency: Motivations, opportunities, and mistakes
This glossary has been produced by UK Finance, The Payments Association, Digital Pound Foundation, TheCityUK, Innovate Finance and City of London Corporation, and supported by CryptoUK, CMS, Clifford Chance, Greengage, Cummings Pepperdine and The Realization Group.
Understanding the language of this new industry and technology will be vital for policymakers and help them to recognise and evaluate the enormous potential of this sector. The consistent use of terms will enable a wide-spread common lexicon that supports a robust understanding of the operational impacts, challenges and potential solutions of new forms of digital money, assets and the underlying technology.
Join Jyoti Rambhai, editor at The Payments Association and Manish Garg from our Digital Currencies Working Group, investor and director at VE3 as they both dive into the world of tokenised deposits. Discover the significance of tokenised deposits, its potential impact on the UK economy, and the role of CBDCs in shaping the future of digital banking.
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Interested in joining our Digital Currencies Working Group?
Please fill out the form to indicate your interest in receiving more information about The Payments Association’s Digital Currencies Working Group. A member of our Project Team will be in touch with you shortly.
