The UK Government has announced the abolition of the Payment Systems Regulator (PSR), with a view to driving economic growth and reducing the burdens on business. The practical impact on firms is ...

The Payment Systems Regulator (PSR), which looks after payment systems like faster payments and Mastercard, will be disbanded and merged within the Financial Conduct Authority (FCA). The ...

LONDON (Reuters) - Britain's payments regulator will be abolished and its remit absorbed by another financial regulator, the ...

The UK Payment Systems Regulator (PSR)will be shuttered by the UK government. The move is described as reducing “red tape” or “unnecessary regulation” to improve growth by reducing the ...

The U.K. government's decision to abolish the Payment Systems Regulator has drawn mixed reviews, with the country's payment firms saying it will make product development easier while creating more ...

The Payment Systems Regulator will be abolished and rolled into the Financial Conduct Authority in a drive to cut business red tape. Prime Minister Keir Starmer says payment firms had to deal with ...

On 11 March 2025, the UK government announced its decision to abolish the Payment Systems Regulator (PSR) as part of a broader initiative to reduce regulatory burdens and stimulate economic growth.

The move to axe the PSR follows complaints from businesses that the regulatory environment was too complex - with payment system firms having to engage with three different regulators, costing ...

Faster (Instant) Payments are the faster growing payment channel in the world ... Today most bank/PSP systems are updated periodically and often data access has further restraints.

The Payment Systems Regulator (PSR) has confirmed it intends to slash the maximum amount of fraud compensation banks and payment providers will have to pay out to scam victims. Under its original ...