The Payment Systems Regulator (PSR) is a new independent economic regulator for the £75 trillion payment systems industry.
The PSR’s website can be found here: www.psr.org.uk.
Payment systems form a vital part of the UK’s financial system – they underpin the services that enable funds to be transferred between people and institutions. They enable you to pay a deposit on a house, withdraw money from a cash machine, pay by direct debit, receive your salary directly into your bank account and transfer money via your smartphone.
The PSR is a subsidiary of the FCA but has its own statutory objectives, Managing Director and Board.
Copyright © 2016 FCA. All Rights Reserved.