History/Timeline

  • May 2008 - Launch of Faster Payments Service
  • June 2008 - Faster Payments process its first standing order
  • April 2014 - Paym is launched
  • July 2015 - 5 billionth payment processed
  • November 2015 - Transaction limit increases to £250,000
  • August 2016 - Faster Payments breaks the 120 million payment barrier for the first time since its launch

 

 

 

 

For the full history of Faster Payments’ growth, click here.