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  • Deborah

Announced on July 30 by the Payment Systems Regulator (PSR), the initiative will be carried out by the PSR Panel and focused on four key areas :

  • Identifying potential purchases or transactions where digital payments could provide a solution to future needs.

  • Collating relevant evidence from international experience and payment initiation aspects of Open Banking.

  • Identifying the practical challenges for users and small businesses that could prevent digital payment options being adopted.

  • Identifying technical and/or regulatory barriers within the PSR’s remit to enable suppliers of digital payment services to develop new payment solutions.

The findings of this Panel-led initiative are scheduled to be submitted to the PSR later this year.


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