The UK’s Payment Systems Regulator (PSR) has set out a five-year strategic plan focused on protecting users and promoting competition in the sector.
The plan focuses on four strategic priorities for the next five years:
- Ensure users have continued access to the payment services they rely on and support a choice of payment options.
- Ensure users are sufficiently protected when using the UK’s payment systems.
- Promote competition between UK payment systems and the markets supported by them; protecting users where that competition is not sufficient.
- Act to ensure the interbank systems provide the infrastructure, rules and incentives that foster innovation and competition in payments.
Read the strategy summary:
Download the document now 6.1 mb (PDF File)
More from Latest Finextra Research
Fiat Republic raises $3.5m to bridge the gap between Web3 and banking
Source Node: 1883986
Time Stamp: Feb 2, 2022
Newt to operate SaaS payment platform for BBVA in Mexico
Source Node: 1540329
Time Stamp: Nov 15, 2021
Cross River Bank acquires small business software provider Betterfin
Source Node: 1364975
Time Stamp: Nov 2, 2021
DTCC to apply cloud, API and blockchain to modernise private markets
Source Node: 1458811
Time Stamp: Nov 9, 2021
TietoEvry sets out new cloud-first strategy; unveils finance-specific business unit
Source Node: 1878180
Time Stamp: Oct 18, 2021
RIP Google Plex – But Big Tech Can Still Disrupt Big Banks
Source Node: 1151794
Time Stamp: Oct 11, 2021
Accelar launches impact hub to drive nature-positive project investment
Source Node: 1208644
Time Stamp: Oct 22, 2021
Michael Santner, formerly of Wirecard, joins Nets as head of PSP Dach
Source Node: 1486212
Time Stamp: Nov 11, 2021
Fiserv posts strong Q3 but stock dips on lost client identified as Stripe
Source Node: 1312893
Time Stamp: Oct 29, 2021
Banks back new Singapore sustainability platform for SMEs
Source Node: 1877958
Time Stamp: Oct 15, 2021