This consultation from the Payment Systems Regulator (PSR) sets out changes that will give businesses more information on the card payment (scheme and processing) fees they pay and give the PSR a better understanding of how the level of these fees is set.
In March 2025, the government announced that it will consolidate the Payment Systems Regulator (PSR) primarily within the Financial Conduct Authority (FCA) as part of the Regulatory Action Plan. The government committed to consult on the details of how this would be achieved and to legislate for this change as soon as Parliamentary time allows.
This consultation paper sets out proposals for integrating the functions of the PSR entirely within the FCA.
The FCA are seeking views on raising the contactless payments limit to encourage more contactless transactions while ensuring greater flexibility for payment service providers, consumers and businesses.
The Government is seeking views, evidence, and experiences from small businesses regarding access to debt finance in the UK. They are looking to better understand the challenges businesses face when applying for loans, as well as the types of support that could improve access to finance.
The Committee is inquiring into whether there is a need in the UK to regulate or mandate the acceptance of physical cash in the form of notes and coins. The inquiry will consider any need for legislation and/or regulation, and potential costs to consumers and businesses.
The Payment Systems Regulator’s second annual review of Specific Direction 12 (SD12) to ensure that https://www.psr.org.uk/publications/consultations/cp242-call-for-views-second-annual-review-of-specific-direction-12-link/:
The FCA are proposing a new regulatory regime, which would require banks and building societies designated by the Government to assess and fill gaps, or potential gaps, in cash access provision that significantly impact consumers and businesses.
The Future of Payments review aims to consider how payments are likely to be made in the future and make recommendations on the steps needed to successfully deliver world leading retail payments, further boosting UK fintech competitiveness.
The Payment Systems Regulator's first annual review of its Specific Direction 12 (SD12), which is designed to ensure that LINK:
