Person holding a charity donation tin wearing a t-shirt with the word volunteer on it

30 June 2025

Polar Moment’s Payments Perspective: June 2025

Explore UK payments updates including FCA and NVIDIA's AI partnership, allpay’s new solutions for charities, and Visa’s Pay by Bank rollout.

FCA and NVIDIA Partner to Advance AI Experimentation in Finance

The UK Financial Conduct Authority (FCA) has partnered with tech giant NVIDIA to provide a secure and collaborative environment where financial institutions can test and experiment with AI models. The initiative is part of the FCA’s Digital Sandbox programme. This aims to accelerate responsible AI adoption in the financial sector. Participants can use NVIDIA’s cloud-native platform to explore machine learning models with a focus on regulatory compliance, data protection, and transparency.

Find out more here: ‘FCA and NVIDIA enable companies to experiment with AI.’ (opens in a new tab)

allpay and PAYA Group to Support UK Charities with Cash-Handling Services

In a joint effort to support the UK charity sector, allpay and PAYA Group have launched a suite of cash-handling solutions to simplify donations and improve operational efficiency. The collaboration will help charities access convenient, secure, and auditable ways to manage cash donations, ensuring funds are processed and settled with minimal overhead. This move is particularly important as charities balance increasing demand with limited resources.

Find out more here: ‘allpay and PAYA Group to provide cash-handling solutions for UK charities.’ (opens in a new tab)

Visa’s Pay by Bank Now Fully Operational in the UK

Visa’s Pay by Bank service has gone fully live in the UK, allowing consumers to make secure payments directly from their bank accounts without the need for card details. This account-to-account payment method is designed to reduce friction and cost for merchants, while offering consumers more control over their transactions. With strong potential to challenge traditional card payments, Pay by Bank supports real-time settlement and open banking capabilities.

Find out more here: ‘Visa’s Pay by Bank becomes fully operational in the UK market.’ (opens in a new tab)