UK Payment Systems: Challenges and Innovations

This chapter examines the UK's Payment Systems Regulator's key commitments aimed at improving payment security and innovation, particularly in light of the challenges posed by authorized push payment fraud. It contrasts the UK’s regulatory environment with Brazil’s rapidly advancing open banking landscape, noting the need for the UK to accelerate its response to evolving payment technologies. The discussion highlights current regulatory hurdles in the UK, the complexities of fast payment systems, and the implications for both consumer protection and industry innovation.

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