Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in 2025, offering account-to-account (A2A) payments for greater consumer control and protection via bank transfers.
It aims to improve existing pay-by-bank processes by introducing:
- A formal dispute resolution process.
- More payment options directly from bank accounts.
- Easier management of payment permissions and limit settings.
The system will operate as an open system, leveraging Visa’s infrastructure and Pay.UK’s Faster Payment System for near real-time settlement.
Collaborations with UK fintechs like Banked, Modulr, Moneyhub, Salt Edge, Vyne, and Yaspa have helped design these enhancements.
Visa A2A will be available for banks and businesses from early 2024, with features supporting subscription management for services like streaming, gym memberships, and food boxes.
Mandy Lamb, Visa’s managing director for the UK and Ireland, notes Visa A2A will bring modernized pay-by-bank methods with similar protection to card payments.
The aim is to modernize bank payments, which have remained mostly unchanged since the creation of direct debit 60 years ago.