|Client||Payments UK (formerly Payments Council)|
|Service(s)||Strategy & Finance|
The methodology adopted by CEPA was based on the approach recommended by HM Treasury’s Green Book for social cost-benefit analysis and included:
- obtaining an understanding of Payments UK’s current WCP vision, how it compares to the current status of the UK payments environment, and in particular the new capabilities that are envisaged;
- meeting with a range of key stakeholders to understand their perspectives on the new capabilities envisaged and their potential economic benefits; and
- assessing qualitatively and where possible quantitatively – through discussions with Payments UK’s team, the industry and through desk research – the nature and scale of the benefits which might be achieved if the new capabilities are realised.
CEPA’s findings and its final report were presented to industry working groups, the WCP Steering Committee and to Payments UK’s board of directors. The assessment of economic benefits was used to inform the work in the next phase of Payments UK’s WCP project.