Atom Bank, SEB and Close Brothers have joined as Full Members, while DQ Group, FSS Technologies, Verdict Financial and CORVID PayGate have joined as Associate Members.

These additions bring membership numbers for Payments UK to 48 Full Members and 36 Associate Members. Since its launch in June 2015, Payments UK has increased its membership by 47 per cent, with several more new members to be announced soon.

The ever-changing payments landscape has led to a growth of interest in Payments UK’s work, from businesses as diverse as software solutions suppliers and fintech companies to law firms and IT consultancies. Membership provides organisations with a strong voice in the industry and the opportunity to shape the future of payments.

Maurice Cleaves, Chief Executive of Payments UK, said:

“We are extremely pleased that so many new companies have chosen to join us. Our growing membership is evidence of the value we continue to provide. Payments UK is ideally placed to engage with the industry, regulators, government, customers and opinion formers on UK, European and global payment issues.”

David McCarthy, Chief Financial Officer at Atom Bank, said:

“As the UK payments industry’s representative body in the UK, Europe and globally, Atom is looking forward to working with Payments UK to establish a deeper understanding of the payment landscape and wider ecosystems across the globe. Payments UK will provide a significant source of information, data and expertise in understanding the landscape and the abundance of rules, reviews and papers from the UK and European-led directives. We look forward to collaborating with the various Payments UK groups in our ongoing mission to innovate the payments ecosystem for the good of our customers.”