Over the past decade, PIF has supported the entry and phenomenal growth of new payment services and fintech and continues to do so today. We believe that our independence, as a not-for-profit organisation, allows us to provide real and objective support and representation to the advantage of the industry as a whole, unencumbered by a commercial agenda
The consequences of poor practice can be severe. Apart from the regulatory impacts it could lead to loss of public confidence in the sector and customers not trusting firms with their money. As well as supporting our members in practical ways through regular briefings and guidance, we promote the highest possible standards of practice and compliance to help drive performance across the industry.
Left unchecked, misinformed public opinion and misleading media coverage creates confusion and can be harmful, both to individual firms and the industry as a whole. We bridge knowledge gaps where we find them, with the aim of inspiring legitimate confidence in the sector through educational campaigns and fact-based input, free from hyperbole and knee-jerk reactions.
Driving Positive Change for the Industry
We work to ensure that the products and services our members support or provide are understood and accommodated by regulators, policymakers, consumer bodies and the media, and embraced with confidence by end users. Ultimately, everything we do is aimed at promoting a healthy, innovative and sustainable market for payments in which our members can grow and thrive.