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UK payments regulator publishes annual plan, budget

( May 1, 2025, 14:04 GMT | Official Statement) -- MLex Summary: The UK Payment Systems Regulator has published its annual plan and budget for 2025/26. The watchdog has promised to continue to embed its authorized push payment fraud reimbursement rules by working on data sharing and directions under the regime. The PSR said it had paused its decision on an interim price cap for cross-border interchange fees until at least the third quarter of this year, given the judicial review filed by Visa, Mastercard and Revolut. The PSR said its budget will remain at 28 million pounds (around $37 million), despite the increase in staff costs. Statement below, document attached. ...

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