The service facilitates real-time electronic, sterling payments in the UK. It's available day and night, 365 days per year, supporting the demands of personal and business customers.

The service facilitates real-time payments of up to £1m – initiated primarily online, mobile, or via telephone banking – for millions of individuals, businesses, and charities across the UK – in fact, virtually everyone with a bank account.

This is made possible by the range of high street banks, building societies, challenger banks and other fintechs and payment service providers that connect safely and securely, either directly, or indirectly, to the Faster Payment System central infrastructure.