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.’

Ana Giese

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About Emerging Payments Association

The Emerging Payments Association (EPA) is a commercial membership association of payments industry influencers.

It runs more than 30 events each year, delivers eight projects to drive change, helps to connect the ecosystem, encourages innovation and profitable business growth.

The EPA’s vision is for the UK to be the global hotspot for payments innovation. As it sets out to be the most influential trade body in emerging payments, the EPA’s mission, to collaborate to innovate, has the potential to improve lives everywhere.

Its community is over 115 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.

Together, transacting more than £6 trillion annually and employing more than 300,000 staff, we now have a significant influence over the industry’s future.