UK payments regulator calls for structural reform
28 Jul 2016

The PSR has just completed a market review which concluded that there is no effective competition for any of the UK’s three payments systemsĀ – Bacs, Faster Payments and LINK.

One of the biggest problems identified by the PSR is the common ownership and control of payment systems and infrastructure providers – a small number of large banks control the majority of payment system operators.

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