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Bank of England explores alternatives to card payments

The Bank of England (BoE) is set to launch a public consultation to explore alternative retail payment methods that bypass traditional debit and credit card networks, reported Reuters. The consultation is planned for the spring. Ahead of that, the BoE is creating panels to take evidence from stakeholders both inside and outside the financial sector. Deputy Governor Sarah Breeden said the central bank wants to widen choice for shoppers. “We want …
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Retail Banker International broke the news in on Tuesday, February 3, 2026.
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