Today’s announcement is a pragmatic next step in simplifying and clarifying payments regulation. We welcome the government’s commitment to maintaining effective regulation of payment systems, which was a gap before…
In it's final report for its market review into card scheme and processing fees, the PSR today finds that:Mastercard and Visa increased their core scheme and processing fees to acquirers…
The use of digital wallets has rapidly grown in recent years with the proportion of card transactions using a digital wallet increasing significantly from 8% in 2019 to 29% in…
Next steps for open banking will include a new independent company to drive forward variable recurring payments.Open banking is a UK success story with over 11.7 million active users and…
The Payment Systems Regulator (PSR) has today set out commitments for the next two years following the mid-term review of its five-year Strategy. Payments are vital to the UK economy…
