Payment Systems Regulator publishes Annual Report and Accounts for 2024-25
We've published our Annual Report and Accounts for 2024-25, looking back on a year of delivering against our strategy, focusing on competition, innovation and growth.
We saw Confirmation of Payee adoption increase to cover 99% of Faster Payments transactions, and successfully implemented our world-leading reforms to address authorised push payment (APP) fraud – helping to build trust, protect victims and incentivise payment firms to prevent fraud.
We have continued to drive forward open banking, working closely with the FCA. We have also reached major milestones on our card fee reviews, recognising that the costs faced by retailers, including many small businesses, directly affect their ability to grow and invest.
We'll continue to deliver as we consolidate with the FCA.
What this document contains
As well as a summary of the work we completed in 2024-25, the annual report also includes:
- Directors’ report
- Corporate governance statement
- Directors’ remuneration report
- Financial statements