PSR has published its annual plan and budget for the year 2016/17, setting out its aims, anticipated activities and expected costs for the next 12 months. PSR has a £15.25 million budget for operating costs and has grouped its work programme into three main categories, reflecting its statutory objectives. These are:

  • promoting competition;
  • promoting innovation; and
  • promoting the interests of those who use or rely on payment systems.

(Source: PSR publishes annual plan and budget for 2016/17)