UK: PSR Conducts Card-Acquiring Market Review

On July 24, 2018, the Payment Systems Regulator (PSR) announced that it would be conducting a review of the card-acquiring services supply market and launched a consultation on the draft terms of reference (ToR), acknowledging the importance of card payments to the UK economy.

According to the paper (MR18/1.1), “in 2017, there were 13.2 billion debit card payments totalling £523 billion. Credit card payments in the same year numbered 3.1 billion and amounted to £168 billion.”

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