The fight against fraud: confirmation of payee rolled out to hundreds of more firms
30/10/2024
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.
Who we regulateTotal value of £102 trillion worth of payments
Total value of £102 trillion in payments regulated by the PSR in 2023. Source: UK Finance (2024)
Total volume of 43 billion payments regulated
Total volume of 43 billion payments regulated by the PSR in 2023. Sources: Pay.UK, UK Finance (2024)
7 billion business payments
We regulated over 7 billion business payments in 2022. Source: UK Finance (2024)
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.
We regulated 40.4 billion payments in 2021. Source: UK Finance (2022)
News
Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms
30/10/2024
PSR seeks feedback from businesses on card-acquiring remedies
21/10/2024
Groundbreaking new protections for victims of APP scams start today
06/10/2024
New Chair of PSR Panel and Non-Executive Board Director Appointed
26/09/2024
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