Explained in plain English
Who regulates payment systems?
Payment systems like Mastercard are regulated by various bodies, both nationally and internationally. In the UK, the Payment Systems Regulator (PSR) oversees card schemes and payment systems to ensure they work in the public interest. Their role is to promote competition and innovation, and protect consumers.
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Millions of UK shoppers could claim £70 each from a Mastercard settlementThis explainer came from a news story
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