This follows its market review which found Mastercard and Visa don’t face competition with fees rising and a lack of clarity on how much businesses will have to pay to accept card payments. To address these issues, the PSR has developed targeted measures that will give clear information to acquirers and strengthen its own oversight. As a result, the watchdog is consulting on two potential remedies under which schemes will be required to provide acquirers with clear, actionable pricing information, and the establishment of new standards to ensure pricing decisions are evidence-based, giving the regulator — and the market — greater confidence in how fees are set. In addition, work is underway on regulatory financial reporting to ensure the PSR has access to enhanced data, allowing it to monitor and assess the financial performance and profitability of the schemes in the UK. A consultation on the detail of this will be published in spring 2026. David Geale, managing director at the PSR, said:“We are delivering on our commitment to make the card payments market work better for all. Greater transparency will equip acquirers and merchants with the information and confidence they need to navigate fees and make better decisions. Improved governance will help the PSR gather the information it needs to take decisions that foster a competitive and innovative payments market. These steps mark real progress that will benefit merchants, consumers, businesses, and the wider economy.”
By on 2025-12-23 08:00:00
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