Payment Systems Regulator (PSR)

The Payment Systems Regulator (PSR) is a UK government-approved organization responsible for overseeing and ensuring the safety, efficiency, and innovation of payment systems, such as bank transfers, card payments, and digital wallets. Its role is to promote fair competition among payment providers, protect consumers from unfair practices, and encourage improvements in payment services. By regulating and monitoring the payment industry, the PSR aims to create a more reliable, accessible, and innovative payment environment for businesses and consumers alike.