The PSR expresses its strategy along 4 priorities for the next five years. These are:
- Ensure users have continued access to the payment services they rely on and support a choice of payment options.
- Ensure users are sufficiently protected when using the UK’s payment systems.
- Promote competition between UK payment systems and the markets supported by them; protecting users where that competition is not sufficient.
- Act to ensure the interbank systems provide the infrastructure, rules and incentives that foster innovation and competition in payments.
We see themes on payments which are common to all the UK regulators strategic targets: enabling access to all users, ensuring protection as well as favouring competition and innovation from service providers.
PSR Strategy and Annexes: https://www.psr.org.uk/publications/general/the-psr-strategy/