Tag: PSR

EU fintechs face new AML duties as APP scams surge

APP scams, where victims are manipulated into sending money themselves, have become the most damaging form of payment fraud across Europe. According to Flagright,...

EUDI Wallet use cases: from KYC to payments and lending

Remote onboarding has become one of the biggest friction points in financial services, even as regulators continue to tighten expectations around AML compliance. Many...

UK regulator tightens oversight of card payment pricing and governance

The UK’s Payment Systems Regulator (PSR) has outlined a new set of measures designed to improve transparency and strengthen governance across card scheme and...

EU AMLR raises compliance stakes for digital platforms

Since 2025, the EU’s Digital Services Act (DSA) has fundamentally changed the way very large online platforms (VLOPs) and digital marketplaces must manage compliance,...

FCA set to streamline payment systems oversight

The UK government has launched a consultation on plans to fold the PSR into the FCA, as part of its broader Regulatory Action Plan. The...

MWBS raises £9m to grow UK merchant payment software

Modern World Business Solutions, an award-winning FinTech innovator in the UK’s merchant services and payments software sector, has secured £9m in growth funding to...

New UK payments MoU sharpens roles and joint strategy

UK financial regulators have renewed their commitment to better coordination in the fast-evolving payments sector through an updated Memorandum of Understanding (MoU). According to Finextra,...

UK plans to overhaul payment systems oversight amid economic reforms

In a bold move to streamline regulatory oversight and spur economic growth, the UK government is actively considering the abolition of the Payment Systems...

FCA and PSR highlight consumer shift towards digital wallets in recent...

The FCA and PSR have released insights into the burgeoning use of digital wallets in the UK, revealing a dramatic increase in adoption.

PSR unveils new strategic goals to enhance UK’s payment systems

The PSR has released its updated strategic commitments for the next two years, showcasing a robust plan.

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