Every time anyone uses a cash machine, transfers money, uses contactless, or gets paid, they use a payment system.

Black Banner

Payment systems are always evolving and the PSR is here to make sure they work well for everyone.

APP Fraud Performance Data Hero Image

APP fraud performance data

In a significant step towards greater transparency, the PSR publishes annual data on payment firms’ APP scam performance…

Our Work

Our work

We work across various areas of the payments industry, promoting competition and innovation that benefits everyone.

PSR purpose

Information for consumers

How we help and protect consumers.

At a glance

Our aim is to make sure the UK’s payment systems work well for everyone who uses them now and in the future.

£109 trillion worth of payments

We regulated £109 trillion worth of payments in 2022. Source: UK Finance (2023)

46 billion consumer payments

We regulated close to 46 billion consumer payments in 2022. Source: UK Finance (2023)

6 billion business payments

We regulated over 6 billion business payments in 2022. Source: UK Finance (2023)

8 payment systems

There are 8 designated payment systems.

What we do

We’re here to make sure payment systems serve everybody as well as they can. We promote competition and innovation in the interests of the people and businesses using payment systems, and have a range of powers to help us pursue these objectives.