Payment Systems Regulator

The Payment Systems Regulator (PSR) is a UK-based organization responsible for overseeing payment systems, which are the methods used for transferring money, like credit cards and bank transfers. Its role is to ensure these systems are safe, efficient, and competitive, benefiting consumers and businesses. The PSR promotes innovation and protects users from unfair practices, making sure everyone can access and use payment services effectively. Essentially, it helps create a fair and reliable environment for handling payments in the UK.