UK’s PSR announces shake-up in provision of payment services
UK’s payment system regulator to open door to third-party providers to compete for projects
The UK's Payment Systems Regulator (PSR) will allow third-party technology providers to compete alongside established bank-controlled parties for the provision of national payment infrastructure projects, it announced today (December 7).
Its latest proposals shake up the provision of payment services, mandating a competitive procurement process which could enable new infrastructure providers, offering different technology solutions, to enter the market.
"The remedies we are putting forward today
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