Industry10th May 2023

Moving money: understanding clearing and the UK's main payment schemes

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What is clearing? And how exactly does it work?

Download our latest report where we bring clarity to the clearing system – from its history and purpose to the main payment schemes in the UK: CHAPS, Bacs, Faster Payments, and the newly created PEXA Pay. We'll clear up any confusion around how, who and where money moves in the UK.

We explore each of the schemes in detail, how they work and how connecting to them helps your business and your customers to make payments, whether they're large or small.

Interested in learning more? Get in touch today at [email protected].

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