PSR sees no need for immediate action on contactless mobile payments

Regulatory Updates | 01/08/18

The Payment Systems Regulator (PSR) has published a report summarising the outcome of its research into contactless mobile payments (CMPs) and its understanding of the sector following its call for information exercise in 2016 and 2017. The PSR says it has not been told of any prevented innovation or practices in tokenisation service provision that would require an in-depth assessment of the issues at this point, though it retains the option to investigate and act in future as necessary.