Payment Systems Regulator publishes five-year plan

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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)

Source: https://www.finextra.com/newsarticle/39521/payment-systems-regulator-publishes-five-year-plan?utm_medium=rssfinextra&utm_source=finextrafeed

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