UK’s Payment Systems Regulator publishes Indirect Access Market Review
UK’s Payment Systems Regulator publishes explained by professional Forex trading experts the “UK’s Payment Systems Regulator publishes” FX trading team.
UK’s Payment Systems Regulator publishes
The United Kingdom Payment Systems Regulator (PSR) has published an interim report, setting out the findings of its indirect access market review.
The review examines the supply of indirect access and to determine whether competition is working well for those who use payment systems – or whether the PSR needs to take further action to make it more effective.
The regulator notes that its aim is to ensure that payment service providers (PSPs), such as banks, building societies, credit unions, payment institutions and electronic money institutions, can access payment systems without facing anti-competitive barriers or unnecessary burdens.
PSR’s interim conclusion on indirect access to interbank payment systems is that competition in the supply of indirect access is producing some good outcomes:
large IPSPs (indirect payment service providers) have a variety of options to access payment systems;
there is a substantial level of overall satisfaction with the quality of the indirect access offering that IPSPs receive;
the overall feedback the regulator has received to date does not indicate a widespread level of concern with price;
PSR is seeing investment and innovation in new and improved service offerings, which should improve quality and choice outcomes for all IPSPs.
UK’s Payment Systems Regulator publishes Conclusion
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