PSR (Payment Systems Regulator)

The Payment Systems Regulator (PSR) is a UK government agency responsible for overseeing payment systems, ensuring they operate efficiently and fairly for consumers and businesses. Established in 2015, the PSR promotes competition among different payment options, such as credit cards, bank transfers, and digital wallets. Its role includes monitoring fees, protecting consumer rights, and encouraging innovation in payment technologies. By doing so, the PSR aims to make payment systems more reliable, secure, and accessible, ultimately enhancing the overall experience of making and receiving payments in the UK.