Payments are an essential part of daily life and it’s the PSR’s job to ensure that the systems underpinning them work well for everyone.
In 2022 we set out a strategy that outlined our outcomes, priorities and what we wanted to achieve over the next five years.
At the midpoint of delivering our strategy, we carried out a review to ensure it continues to have a positive impact on payment systems. The review reflected extensive engagement with stakeholders, trends in payments – both at home and abroad, the Government’s growth mission, and the impact of the National Payments Vision (NPV).
This strategy update sets out three core commitments for the remainder of the strategy term. These core commitments align with the outcomes and priorities that we set out in 2022, while streamlining our activity.