On 27 June 2019, the Payment Systems Regulator (PSR) published its fourth report on access to payment systems and the governance of payment system operators in the UK.

The report sets out developments in access to payment systems in 2018, including the work that the interbank payment system operators, indirect access providers, the PSR, the Bank of England, the FCA and others have done to improve access to payment systems. It also sets out how interbank payment system operators have taken service-users’ views into account in making their decisions over the course of 2018.

The report shows that 2018 was a record year for new participants gaining access to the interbank payment systems: Bacs, Faster Payment Scheme and CHAPS.