FOR IMMEDIATE RELEASE
The Emerging Payments Association, one of the major Fintech trade associations supporting over 100 of the country’s leading technology innovations in the financial services sector, has welcomed the Chancellor’s announcement of a £400m allocation to a Venture Fund to assist tech start ups.
Speaking from the Emerging Payments Pay360 Conference in London ,Tony Craddock, CEO of the Emerging Payments Association commented, ‘Fintech start ups offer huge future wealth to the country, but accessing early stage funding is a major barrier to many of them succeeding, and we see far too many moving to other parts of the world for their development finance. The Chancellor’s announcement is a recognition of this and we very much welcome it.’
About Emerging Payments Association
The Emerging Payments Association (EPA) connects the payments ecosystem, encourages innovation and drives profitable business growth. Our goals are to strengthen and expand the payments industry to benefit all stakeholders.
We achieve this by shaping a comprehensive programme of activities for our members with help from an independent board, which addresses key issues impacting the industry.
Critical industry projects
The EPA is over 130 members strong and growing. Our members come from across the payments value chain; including payments schemes, banks and issuers, merchant acquirers, PSPs, retailers, and more. These companies have come together, from across the UK and internationally, to join our association, collaborate, and speak with a unified voice.
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