Payment companies will help UK pay the state


Earlier, the government had received around half a million applications for assistance from self-employed Britain.

The UK will start using payment companies’ instruments for state payments. Photo:

UK representatives retail payment industry has formed a working group to help to pay millions of pounds in government support for citizens in the government COVID-19 epidemic.

It currently has told British company Pay.UK save jobs which is working on a solution and self-employed workers help to quickly needy citizens as part of the state programs and safely funds Will transfer

In addition to Pay.UK, the working group includes payments company Vocalink, a trade association in UK finance in the banking and financial services sector, as well as several British banks. The group members, in particular, advised the government on the various options available for calculating payments that would allow large amounts of funds to be transferred in a limited time.

The task force began working with Her Majesty’s Office on taxes and customs to ensure that the necessary “paid overlay services” to support temporarily unemployed citizens were incorporated into the architecture of government programs is. Thanks to the help of NatWest Bank and SurePay, now when paying state aid, elements of the Payee Name Verification Service (COP) confirmation and the Mule Insight Strategic Solutions Account Identifier (MITS) will be used.

Paypal magazine help

Earlier, we wrote that on the day of the launch of the program for the provision of state aid, British authorities received over 440 thousand applications from self-employed Britons. Under the program, residents of the country can expect to receive a grant of up to 7.5 thousand pounds ($ 9.142). According to the country’s Finance Minister, Sage Craze, the total assistance required in applications is 1.3 billion pounds ($ 1.5 million). Its purpose will be to cover the income caused by the coronavirus epidemic. According to analysts, this amount could reach 10 billion pounds (12.2 billion dollars).

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