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GoCardless joins UK scheme for recurring Pay by Bank

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SOFIAH NICHOLE SALIVIO

News Editor

GoCardless has joined banks, building societies and fintechs in launching the UK Payments Initiative scheme, opening the way for Recurring Pay by Bank in the UK.

The industry-backed scheme is intended to expand account-to-account payments and give businesses another way to collect regular payments directly from bank accounts. GoCardless said its new service is designed for recurring, flexible and automated payments using open banking infrastructure.

UK retail payments remain dominated by cards, accounting for 84% of spending by turnover, according to GoCardless. Businesses pay GBP £1.5 billion in fees because of the market position of Visa and Mastercard, it added.

Scheme operator UK Payments Initiative has been funded by banks, building societies and fintechs. Its launch creates a framework for recurring open banking payments across sectors including public services, utilities, charities and financial services.

Market opening

GoCardless is positioning the service as a lower-cost option for merchants that rely on repeat billing. Instant authorisation and the ability to automate regular collections could appeal to firms seeking an alternative to card payments and existing bank debit arrangements.

Research commissioned by GoCardless suggested strong interest among businesses that take recurring payments. It found that 89% of recurring revenue businesses believe the technology would significantly improve cash flow, while 91% expect it to reduce operational costs.

The same survey found that 49% of businesses intend to be early adopters. Among consumers, 38% said they would be open to trying recurring Pay by Bank, rising to 60% among Gen Z respondents.

The launch also reflects a broader policy push to build more competition and resilience into UK payments. Account-to-account methods have long been seen by parts of the industry as a way to reduce dependence on card networks and create more domestic control over payment rails.

Early rollout

Earlier this year, GoCardless processed its first recurring open banking transaction for Jellyfish Energy during the sector’s live testing phase. The transaction provided an early operational example of how recurring bank payments could work in practice before broader adoption.

GoCardless said it has built features to address some of the practical limits of an early-stage rollout. These include routing a customer to Direct Debit when open banking is unavailable, auto-filling payment details based on existing payer data, and maintaining service uptime for merchants adopting the system.

That approach suggests providers still expect patchy coverage across some institutions and user journeys in the near term. Hybrid models that fall back on established payment methods may help firms trial recurring open banking payments without disrupting collections.

For businesses, the economics could be a major factor if adoption grows. Card processing fees are a persistent cost for merchants with subscription or instalment models, while failed or delayed payments can disrupt cash flow and add administrative work.

Open banking payments have so far had more success in one-off transactions than in repeat billing. A workable recurring model would address a major gap in the market, especially for sectors that need regular customer authorisation without repeated manual input.

UKPI Managing Director Richard Koch said GoCardless brought practical experience from years of account-to-account payments. “The launch of this scheme is a significant step forward as we build a faster, fairer payment ecosystem that unlocks genuine choice for businesses and consumers. Having GoCardless at the table brings 15 years of account-to-account expertise right into the heart of this initiative. Their experience is vital as we move forward, helping us turn open banking payments into a practical tool that people will trust and use every single day,” Koch said.

Shaun Puckrin, Chief Product Officer at GoCardless, linked the launch to longstanding concerns over concentration in the payments market. “For a long time, the UK has been waiting for a genuine alternative to traditional card payments. By launching an industry-wide scheme for recurring Pay by Bank, we will bring real competition to a market that’s been dominated for decades by a costly card duopoly. This milestone establishes the UK as a country that owns its financial future. We’re creating payments infrastructure that is modern, competitive, and free from over-reliance on external networks. Built on APIs for easy instruction and real-time execution, it is ideally placed to become the foundation of agentic commerce — where AI agents, automated systems, and instant payments converge. It’s a response to enormous market demand, and a shift that will change the way money moves for everyone,” Puckrin said.



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Home Bargains recall as shoppers told stop using immediately

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The Office for Product Safety and Standards (OPSS) is also telling Home Bargains customers to keep the recalled product “out of reach of young children”.

The Toy Story themed water bottle, sold at Home Bargains stores in the UK, is being recalled because of a potential choking risk.

The TJ Morris Toy Story Water Bottle has been sold by Home Bargains since May 2026.

Sign outside a Home Bargains shop (Image: MARIE WURM/Getty)

The OPSS warns: “The product presents a choking hazard because the spout can detach from the lid, creating a small part.

“If this occurs during use, the spout may block a child’s airway and cause them to choke.

“The product does not meet the requirements of the General Product Safety Regulations 2005.

“We recommend that you stop using the product immediately and keep it out of reach of young children. Return it to your nearest Home Bargains for a refund.”

These are the batch codes affected by the water bottle recall: 11449732, 11449736, 11449737, 11449738, 11449742, 11449743, 11449744

A Home Bargains spokesman added: “Check if you have bought the affected batch codes. Only these codes are affected. The information can be found on the swing tag on the product packaging and the care label inside the bottle.

“If you are unsure if your bottle is impacted or no longer have the packaging, return to store for a full refund.

“To obtain a full refund or if you require further information, return it to your local Home Bargains store. For more information contact support@home.bargains.

“We apologise for any inconvenience caused.”

Home Bargains Crisp recall

Crisps sold at Home Bargains have been recalled, with the Food Standards Agency (FSA) warning shoppers of a potential health risk.

ASR Solutions Ltd has recalled the Lays Sour Cream & Dill Crisps sold in Home Bargains stores in the UK, because of a labelling error.

The crisps contain milk and wheat (gluten) which are not mentioned on the label, meaning they are a “possible health risk” to anyone with an allergy or intolerance to the ingredients.

The affected products come in 125g packets and have best before dates up to and including October 31.

An FSA spokesman warned: “ASR Solutions Ltd is recalling the above product from customers and has been advised to contact the relevant allergy support organisations, which will tell their members about the recall.

“The company has also issued a recall notice to its customers. These notices explain to customers why the product is being recalled and tell them what to do if they have bought the product.

“If you have bought this product, do not eat it. Instead, return it to the store from which you bought the product for a full refund or contact  support@home.bargains  if you require further information.”

A Home Bargains statement added: “If you have bought Lays Sour Cream & Dill Crisps as detailed above and you have an allergy, intolerance or sensitivity to milk or wheat, do not consume it.

“Check if you have bought the affected best before dates. Only these codes are affected.

“Return any affected product to your local Home Bargains store for a full refund or contact support@home.bargains if you require information.

“We apologise for any inconvenience caused.”





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UK demolition company enters administration after 23 years

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Forshaw Demolition is a family-owned business that has operated for 23 years and boasts more than 80 years of combined experience.

It provides services such as asbestos removal, industrial decommissioning, and the dismantling of concrete and steel structures, including road and rail bridges.

The company also delivers residential, city centre, and high-rise demolition projects.

The Forshaw website explains that the company takes on schemes right across the UK, usually valued between £10,000 and £2 million.

Forshaw Demolition enters administration after 23 years

Now, after 23 years in business, Forshaw Demolition has fallen into administration.

Richard Cole, Stephen Kenny, and Amy Lowden from KBL Advisory Limited were appointed joint administrators on July 24, according to The Gazette.

What happens when a company goes into administration?

When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.

Companies House adds: “When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

“An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process.”



A statutory moratorium is put in place once a company enters administration, giving it “breathing space” to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.

A company can continue to trade while in administration, but daily management and control are handed over to the administrators.

Companies House continues: “Within 8 weeks it is the administrators’ role to formulate administration proposals.

“Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.

“If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority.”

Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.



Through administration, a company can be:

  • Rescued and passed back to the directors
  • Enter liquidation
  • Be dissolved

Other UK companies that have closed or entered administration/liquidation in 2026

It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures.

Major high street brands LK Bennett, Claire’s, and Quiz have been forced to close all their remaining stores after falling into administration.

UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation.

Whitbread recently confirmed it will be closing all its UK restaurants in September:

  • Brewers Fayre (89 locations) – September 7
  • Beefeater (106) – September 10
  • Bar + Block – September 3
  • Table Table – September 3
  • Cookhouse + Pub – September 3

TG Jones and the British Heart Foundation will also both be closing around 150 stores across the UK.

Other retailers have been forced to close stores this year, including:



Several UK travel companies have also ceased trading or entered administration in 2026:

Meanwhile, four UK airlines have fallen into administration or liquidation:



UK delivery company Yodel is set to be phased out after being acquired by InPost.

It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.

It hasn’t all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.

Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.

Which business/store closure in 2026 has impacted you the most? Let us know in the comments below.





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Final days for 40-year-old UK pub chain as near 4,000 jobs lost

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Only a month remains until Brewers Fayre – a pub-restaurant business in operation since 1981 – is closed by owner Whitbread, with doors set to be shut across the country on September 7.

With 89 branches around the UK – including in Bicester – the family-friendly brand was well-known for its Sunday Carvery menu.

Earlier this year, it was announced that it and Beefeaters would be closing as Whitbread restructures its wider business.

READ MORE: UK loyalty scheme to end as 3,800 jobs lost and restaurants close

Beefeater will shut down all of its sites on September 10, including the branch at the Oxford South Milton Interchange.

The Applecart Beefeater at the Oxford South Milton Interchange (Image: Christie Owen & Davies Ltd)

Some of the properties housing the restaurants have been put up for sale while others will be incorporated into Travelodge branches, with 3,800 jobs being lost in the process, although Whitbread has said it will try to retain as many staff as possible.

Across the country, some Beefeater and Brewers Fayre eateries have already been switched over to Whitbread’s own in-house Thyme brand.

Others are being sold and closed with the cuts set to impact about 12 per cent of the company’s 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants.

A statement was issued on the restructuring earlier this year in which it was announced a number of the restaurants would be converted into additional Premier Inn rooms.

A spokesperson said: “We recognise the impact of this proposal on colleagues who work at the affected sites.

Brewers Fayre in Bicester (Image: Christie Owen & Davies Ltd)

“As a business which recruits around 15,000 people every year, we expect to be able to retain a significant proportion of those affected and will be looking to redeploy as many of our impacted colleagues as possible.

“However, we do anticipate that the proposed changes, which are subject to consultation, would result in a reduction of around 3,800 roles of a total UK and Ireland workforce of around 30,000.

Interior of Bicester Brewers Fayre (Image: Christie Owen & Davies Ltd)

“We will do all we can to support those colleagues affected.”

READ MORE: Over 3,500 jobs lost as UK restaurant chains list properties

In addition, Beefeater has also provided clarity on its loyalty scheme, publishing a deadline on its website.

A spokesperson said: “All points must be collected (or receipt details added) by Monday 24 August 2026 and then converted into your points-based vouchers and used by Monday 31 August 2026.”

With a loyalty card, customers could collect 5 points for every £1 spent and once 500 points have been earned, they would be able to claim either a £5 voucher, a free bottle of wine or 2 free starters or desserts.





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