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Retail FX

UK's Digital Wallet Surge: PSR and FCA Examine Consumer and Business Effects

  • More than half of UK adults now use digital wallets like Apple Pay, Google Pay, and PayPal.
  • Regulators are examining their market impact, with results expected by early 2025.
Monday, 15/07/2024 | 14:41 GMT by Tareq Sikder
Payments

Behind the Mastercard and Visa Crackdown: How the PSR Scrutinizes Card Scheme Fees

  • The Payment Systems Regulator answers key questions on proposed reforms.
Wednesday, 22/05/2024 | 14:08 GMT by Pedro Ferreira
Payments

UK Contemplates Visa and Mastercard Fee Caps Amid Crypto Disruption

  • Can cryptocurrencies disrupt Mastercard and Visa's 99% stronghold?
Thursday, 14/12/2023 | 12:19 GMT by Pedro Ferreira
Retail FX

FCA's Review Reveals Alarming Trend: APP Scam Losses Soar

  • In the first half, there were £239.3 million in losses from APP scams, marking an increase of 22%.
  • £152.8 million, representing 64% of the losses, was reimbursed to victims.
Tuesday, 07/11/2023 | 12:08 GMT by Tareq Sikder
Executives

FCA Appoints Aidene Walsh as PSR Chair

  • She served as an interim Chair and has been connected with the entity since 2020.
  • Walsh simultaneously joins the FCA Board.
Wednesday, 01/02/2023 | 12:07 GMT by Damian Chmiel
Payments

UK Payments Regulator to Launch Review on Visa and Mastercard Fees

  • Fees charged by these two card companies have increased five-fold since Brexit.
  • The regulator wants to understand the rationale behind the rise in fees.
Tuesday, 21/06/2022 | 08:07 GMT by Arnab Shome
Payments

UK’s Payment Systems Regulator to Foster More Competitive Domestic Playing Field

  • The PSR is trying to shake up the status quo with new third-party entrants into the payments market.
Wednesday, 07/12/2016 | 20:13 GMT by Jeff Patterson
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