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Submitted URL: http://www.psr.org.uk/
Effective URL: https://www.psr.org.uk/
Submission: On June 20 via manual from GG — Scanned from GB
Effective URL: https://www.psr.org.uk/
Submission: On June 20 via manual from GG — Scanned from GB
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Skip to main content * About us Toggle navigation sub-links * The PSR Strategy * Annual Plans and Budgets * Annual Reports and Accounts * The PSR Executive Team * PSR governance * The PSR purpose * How the PSR is funded * How the PSR Panel works * Background to the PSR * Jobs at the PSR * Diversity, Equity and Inclusion * Frequently asked questions * Contact us Toggle navigation sub-links * General enquiries * Complaints against the PSR * Payment systems Toggle navigation sub-links * Who we regulate * Payment systems explained * When you make a payment * How we regulate Toggle navigation sub-links * Regulatory framework * PSR approach to implementing requirements in the Financial Services and Markets Act 2023 * Memorandums of understanding * Competition * Complaints and disputes * Governance of payment systems * Decision making committees * Working with other regulators and the Regulatory Initiatives Grid * Our work Toggle navigation sub-links * Access to cash * Market reviews * Card payments * Innovation * APP scams * New Payments Architecture (NPA) * Strategy and Intelligence * Enforcement cases * The future oversight of Open Banking - Joint Regulatory Oversight Committee * Account-to-account payments * Our research with consumers and SMEs * Access to payment systems * PSR work plan * Information for consumers Toggle navigation sub-links * Ways of paying * How we help you * Our vision for payments * Find out more * APP fraud performance data * News and updates Toggle navigation sub-links * Latest news * Thought pieces * Events * Speeches * Publications Toggle navigation sub-links * Consultations * Annual Plans and Reports * Market reviews * Policy statements * Corporate information * Legal directions and decisions * Forms * PSR News * Access and governance reports * Working group and forum documents * Open letters * PSR Strategy documents Search Menu EVERY TIME ANYONE USES A CASH MACHINE, TRANSFERS MONEY, USES CONTACTLESS, OR GETS PAID, THEY USE A PAYMENT SYSTEM. Payment systems are always evolving and the PSR is here to make sure they work well for everyone. Learn about what we do APP FRAUD PERFORMANCE DATA In a significant step towards greater transparency, we are publishing 2022 data (from 1 January 2022 to 31 December 2022… View OUR WORK We work across various areas of the payments industry, promoting competition and innovation that benefits everyone. View INFORMATION FOR CONSUMERS How we help and protect consumers. View AT A GLANCE Our aim is to make sure the UK’s payment systems work well for everyone who uses them now and in the future. Who we regulate 8 PAYMENT SYSTEMS There are 8 designated payment systems. 8 £109 TRILLION WORTH OF PAYMENTS We regulated £109 trillion worth of payments in 2022. Source: UK Finance (2023) 109 46 BILLION CONSUMER PAYMENTS We regulated close to 46 billion consumer payments in 2022. Source: UK Finance (2023) 46 6 BILLION BUSINESS PAYMENTS We regulated over 6 billion business payments in 2022. Source: UK Finance (2023) 6 8 PAYMENT SYSTEMS There are 8 designated payment systems. 8 £109 TRILLION WORTH OF PAYMENTS We regulated £109 trillion worth of payments in 2022. Source: UK Finance (2023) 109 46 BILLION CONSUMER PAYMENTS We regulated close to 46 billion consumer payments in 2022. Source: UK Finance (2023) 46 6 BILLION BUSINESS PAYMENTS We regulated over 6 billion business payments in 2022. Source: UK Finance (2023) 6 8 PAYMENT SYSTEMS There are 8 designated payment systems. 8 next WHAT WE DO We’re here to make sure payment systems serve everybody as well as they can. We promote competition and innovation in the interests of the people and businesses using payment systems, and have a range of powers to help us pursue these objectives. * The PSR purpose * How the PSR is funded * The PSR Panel * Background to the PSR * The PSR Board WHAT IS A PAYMENT SYSTEM? 1:07 Play video YouTube We regulated 40.4 billion payments in 2021. Source: UK Finance (2022) NEWS PSR CONFIRMS THE APPOINTMENT OF SHELDON MILLS AS A NEW NON-EXECUTIVE BOARD DIRECTOR 19/06/2024 Read more PSR BOARD CONFIRMS APPOINTMENT OF DAVID GEALE AS INTERIM MANAGING DIRECTOR 03/06/2024 Read more CHRIS HEMSLEY TO TAKE ON NEW ROLE OUTSIDE THE PSR 03/06/2024 Read more PSR UPDATES CARD-ACQUIRING SERVICES DIRECTIONS TO ENSURE RIGHT FIRMS ARE CAPTURED 29/05/2024 Read more PSR PROVISIONALLY FINDS THAT THE CARDS SCHEMES DO NOT FACE EFFECTIVE COMPETITION IN THE SUPPLY OF SCHEME AND PROCESSING SERVICES TO ACQUIRERS 21/05/2024 Read more LOOKING FOR SOMETHING? See below some of our most frequently visited pages. THE PSR STRATEGY A new strategy for a changing world View now PSR ANNUAL PLAN AND BUDGET 2024/25 The PSR's Annual Plan and Budget for 2024/25 View now JOBS AT THE PSR Working for an exciting regulator where you can really make a difference View now PAYMENT SYSTEMS EXPLAINED What is a payment system? View now HOW WE REGULATE See how the PSR uses its powers and procedures View now REGULATORY FRAMEWORK How legislation, our decisions, rules and guidance fit together View now COME AND SAY HI Get in touch with us here or on our social media channels. * TWITTER @ThePSR * LINKEDIN * YOUTUBE * ONLINE Have a question? Back to top FURTHER INFORMATION * Jobs at the PSR * Copyright * Handling classified information * Privacy and data * Accessibility statement * Procurement * Corporate responsibility * Whistleblowing * Freedom of information * Media enquiries * Speaker requests * Contact us * Diversity, Equity and Inclusion * Sitemap * Sign up for PSR updates CONTACT THE PSR 12 Endeavour Square, Stratford, London E20 1JN Based in the Olympic Park, Stratford, we're easily reached via the Jubilee Line, Central Line, Elizabeth Line, DLR, and numerous bus and coach routes. * Switchboard 020 7066 1000 * Contact centre 0300 456 3677 * From abroad +44 20 7066 1000 * Opening times 9am to 5pm, Monday to Friday * Email contactus@psr.org.uk FOLLOW US * Twitter * LinkedIn © Copyright - Payment Systems Regulator 2024 scroll down Cookie Control Close Icon THIS SITE USES COOKIES TO STORE INFORMATION ON YOUR COMPUTER. 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