Payment Systems Regulator

Competition and Markets Authority has published its 12th annual concurrency report, providing examples of the work carried out by the CMA and sector regulators. The report highlights our market review into card fees and our intervention in a private enforcement case this year. 👉 Read the report: https://lnkd.in/e5ekd4QJ

We are consulting on proposals to require Mastercard and Visa (the schemes) to report their UK financial performance, so we can better monitor and assess profitability over time. David Geale, Managing Director at the PSR said: “Scheme fees have risen substantially in recent years, and we have not seen clear evidence that these increases reflect underlying costs. These proposals are designed to give us a clearer picture of the schemes’ UK financial performance and the drivers behind it. We have listened to feedback and are proposing proportionate, targeted reporting focused on the information we need to assess outcomes.  Better transparency will help us assess whether this market is delivering good outcomes for businesses and consumers, or if further intervention may be required in future.” The consultation is now open, find out more and provide your comments here: https://lnkd.in/ekaK7Fzb

Our General Counsel Alex Olive is speaking at Women in Payments 2026 symposium this week. She will be sharing insights on AI for tomorrow’s possibilities and how policy can power the future.   The first session, Today’s AI, Tomorrow’s Possibilities, will explore consumer appetite for technologies from intelligent bots to agentic systems, examining the factors that drive trust, convenience, and engagement. The panellists will also look ahead to emerging possibilities, helping participants anticipate what consumers will expect from AI-driven interactions in the near future.   On day two, Alex will be joining a fireside chat to explore how regulators and innovators collaborate to remove barriers, drive adoption, and maintain trust in a global ecosystem. Drawing on real-world examples, attendees will gain knowledge on measuring success beyond compliance and how to own regulatory strategy to prepare for tomorrow. #WomenInPayments #AI #PaymentsPolicy #PaymentsRegulation

Last month we set out our work programme for 2026/27. This year’s work plan sets out how the regulator will build on recent reforms, take forward further action where markets aren’t working well for people and businesses and support the delivery of the National Payments Vision alongside the Bank of England, FCA and HM Treasury.  https://lnkd.in/eyXaBNbJ

This week, PSR colleagues have been out and about and we set out our work programme for 2026/27. 🤝 Events and engagement We were delighted to host a set of discussions with the Merchant Advisory Group. We covered key themes shaping payments in 2026. PSR colleagues were at PAY360 with the Financial Conduct Authority. We caught up with stakeholders, shared our plans for the coming year and discussed the rapidly changing payments sector. 🔎 Take a look We published our Annual Plan and Budget for 2026/27. The Plan sets out a targeted programme concentrating on APP fraud, card fees, critical payments infrastructure, open banking, and stronger supervision and enforcement. https://lnkd.in/ecE9mZxq #WeekInReview #ICYMI #PaymentsRegulation #StakeholderEngagement

We have published our plan for 2026/27. This year’s work plan sets out how we will build on recent reforms, take forward further action where markets aren’t working well for people and businesses and support the delivery of the National Payments Vision alongside the Bank of England, FCA and HM Treasury.  https://lnkd.in/eyXaBNbJ #PaymentsRegulation #APPFraud #CardFees #OpenBanking

We were delighted to welcome the Merchant Advisory Group and its members to our offices this week for an open and engaging set of discussions. We covered key themes shaping payments in 2026, including open banking and consumer adoption, and AI policy. These conversations are crucial to help ensure our regulatory approach delivers good outcomes for the people and businesses who rely on payment systems every day. A big thank you to everyone who joined us in person, we look forward to engaging in future!  Financial Conduct Authority #PaymentsRegulation #OpenBanking #AI

🤝 Events and engagement Earlier this week our General Counsel, Alex Olive, joined a panel at the CompLaw:UK conference to discuss competition law policy in the current political climate.   The conversation explored the role of Government, regulators and industry, and the role of all three in supporting competition policy and economic growth. #CompetitionLaw #Payments #WeekInReview #PSR

Thank you to everyone who voted in our last poll around hidden costs for merchants. We'd now like to gauge your thoughts on the biggest increase in costs over the last five years. Vote below or add any other thoughts to the comments.

Together HM Treasury, Bank of England, Financial Conduct Authority, and Payment Systems Regulator (through the Payments Vision Delivery Committee) have today published the Payments Forward Plan.   The Plan gives firms clarity on upcoming initiatives and timelines, helping them plan ahead and focus on innovation.   It sets out the actions needed to deliver the Government’s National Payments Vision for a trusted, world‑leading payments ecosystem, built on next‑generation technology.   https://lnkd.in/e3CpidKa #PSR #NationalPaymentsVision