The Payment Systems Regulator (PSR) is the UK's economic regulator of payment systems.

We are here to make payment systems work well for those that use them. Our vision is for payment systems that are accessible, reliable, secure and value for money.

We are an independent subsidiary of the Financial Conduct Authority with our own statutory objectives and governance,  Managing Director and Board. We were incorporated in April 2014 and became fully operational in April 2015.

Payment systems form a vital part of the UK’s financial system. They underpin the services that enable funds to be transferred between people and institutions – from large transfers between firms to a contactless payment for your morning coffee. These payment systems process some 40 billion transactions a year, worth around £92 trillion.

We have three statutory objectives: to promote competition; to promote innovation; and to ensure that payment systems are operated and developed in the interests of service-users.

Our aim is to ensure payment systems and the regulatory framework operate in the best interests of service-users and the wider UK economy − promoting rather than constraining innovation and competition.

Take a look at our latest vacancies: https://www.psr.org.uk/about-us/jobs-at-the-psr/

Payments

Payment Systems Regulator

Chris Hemsley

Tom Kiedrowski

Matthew Cherry

Oliver Hanmer

Kate Fitzgerald

Dan Moore

Natalie Golding

The Leadership Team at the Payment Systems Regulator (PSR) is responsible for setting the strategic direction and overall governance of the organization. Comprising the Managing Director, Chief Operating Officer, and Chief Economist, the team ensures that the PSR effectively promotes competition, fosters innovation, and safeguards the interests of all payment system users in the UK. They also oversee the execution of regulatory frameworks and policies to align with the statutory objectives and drive the mission of maintaining accessible, reliable, secure, and cost-effective payment systems.

Leadership Team

Economics and Strategy Team

Policy and Regulatory Team

Operations and Risk Management

Leadership Team

About

Team members

Other teams at Payment Systems Regulator

Economics and Strategy Team

Policy and Regulatory Team

Operations and Risk Management