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 Legal and Compliance Team at the Payment Systems Regulator ensures that all regulatory and legal frameworks governing payment systems are adhered to and properly enforced. They provide legal advice, oversee compliance monitoring, and handle any legal matters that arise, ensuring alignment with statutory objectives. This team plays a critical role in promoting competition, fostering innovation, and safeguarding the interests of service-users within the payment systems landscape.

Legal and Compliance Team

Economics and Strategy Team

Policy and Regulatory Team

Operations and Risk Management

Legal and Compliance Team

About

Team members

Other teams at Payment Systems Regulator

Economics and Strategy Team

Policy and Regulatory Team

Operations and Risk Management