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.”
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial