PSR to prioritise tackling high card fees in 26/27

PSR to prioritise tackling high card fees in 26/27

PSR to Prioritise Tackling High Card Fees in 2026/27

The Payment Systems Regulator (PSR) has unveiled its work programme for the upcoming 2026/27 period, with a clear focus on addressing high card fees, countering Authorised Push Payment (APP) fraud, and promoting innovation and competition within the UK payments sector.

Background & Context

High card fees have long been a contentious issue in the UK, affecting consumers and businesses alike. These fees are often imposed by banks and other financial institutions on merchants for processing card transactions, resulting in increased costs for businesses and, subsequently, higher prices for consumers. The PSR's decision to tackle high card fees reflects the growing need for greater transparency and fairness in the payments industry. In recent years, the regulator has taken steps to address APP fraud, which has seen significant losses for consumers in the UK. The PSR's continued focus on this issue underscores the importance of protecting consumers from financial scams.

Impact on Swiss SMEs & Finance

While the PSR's work programme is primarily focused on the UK payments sector, its efforts to tackle high card fees and APP fraud have implications for businesses and financial institutions globally, including those in Switzerland. Swiss SMEs that operate in the UK or conduct international transactions may benefit from the PSR's initiatives, which could lead to lower transaction costs and enhanced consumer protection. However, the impact on Swiss businesses and financial institutions will depend on their specific circumstances and the extent to which they interact with the UK payments sector.

What to Watch

As the PSR embarks on its 2026/27 work programme, stakeholders will be watching closely for developments on high card fees, APP fraud, and innovation in the UK payments sector. The regulator's efforts to promote competition and support fintech innovation will be particularly closely monitored, as these initiatives have the potential to drive growth and improve services for consumers and businesses alike.

Source

Original Article: PSR to prioritise tackling high card fees in 26/27

Published: March 27, 2026

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Consult a licensed financial advisor before making investment decisions.