The Payment Systems Regulator (PSR) is a regulatory body responsible for overseeing payment systems in the UK. Their goal is to ensure that payment markets and systems are working effectively and to promote competition, innovation, and consumer protection in the industry. The PSR operates with a clear strategy in mind, recognizing both the strengths and areas for improvement in the payment sector.

They are funded through an annual budget and costs, and their work is informed by input from industry experts. The regulatory framework established by the PSR covers various aspects, including competition, complaints and disputes, and governance of payment systems. They work closely with other regulators and maintain decision-making committees to ensure effective oversight.

The PSR's work encompasses a range of important topics such as access to cash, market reviews, card payments, APP scams, and the future of Open Banking. Through research and engagement with consumers and SMEs, they strive to improve access and provide information to help individuals and businesses navigate payment systems. For more information, the PSR website offers a wealth of publications, news, events, and resources.

Whether you're a consumer or a business, the PSR is dedicated to helping you understand payment options and promoting a fair and efficient payment ecosystem