Payment systems regulation

Payment systems regulation involves rules and oversight to ensure that financial transactions—such as credit card payments, electronic transfers, and digital wallets—are secure, reliable, and fair. Regulatory authorities set standards to protect consumers from fraud, maintain the stability of payment networks, and promote competition among providers. These regulations also ensure transparency in fees and terms, and enable smooth operation of the financial system. Overall, they create a trustworthy environment that allows people and businesses to exchange funds efficiently and safely.