Joint statement from the PSR, FCA and Bank of England on the National Payments Vision
14/11/2024
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£102 trillion worth of payments
Total value of £102 trillion in payments regulated by the PSR in 2023. (Source: UK Finance 2024)
43 billion payments
Total volume of 43 billion payments regulated by the PSR in 2023. (Source: Pay.UK, UK Finance 2024)
7 billion business payments
We regulated over 7 billion business payments in 2023. (Source: UK Finance 2024)
8 payment systems
There are 8 designated payment systems.
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.
We regulated 40.4 billion payments in 2021. Source: UK Finance (2022)
News
The PSR's response to the National Payments Vision
14/11/2024
PSR breakfast session: Promoting innovation in payment systems - 24th October 2024
12/11/2024
The fight against fraud: confirmation of payee rolled out to hundreds of more firms
30/10/2024
Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms
30/10/2024
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