Regulators at the Heart of the National Payments Vision

Summary

In his keynote at the Payments Regulation and Innovation Summit, David Geale, MD of the Payment Systems Regulator, outlined how the FCA and PSR are steering the National Payments Vision by focusing on system trust, resilience through choice, and upcoming regulatory reforms. He highlighted the forthcoming Payments Forward Plan, stressed the need to keep pace with global innovators like Australia’s NPP and India’s UPI, and shared striking data on UK payment volumes, fraud reimbursement success, and the reach of Confirmation of Payee. Geale’s perspective emphasized that regulators should not pick winners but ensure a coherent, future‑proof payments ecosystem that offers diverse, reliable options for consumers and businesses.