Transcription of DIGITAL PAYMENTS INITIATIVE THE PSR PANEL
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DIGITAL PAYMENTS INITIATIVE THE PSR PANEL
SUMMARY REPORT OF THE. DIGITAL PAYMENTS INITIATIVE . THE PSR PANEL . April 2022. SUMMARY REPORT OF THE DIGITAL PAYMENTS INITIATIVE . THE PSR PANEL . April 2022. CONTENTS. FOREWORD BY THE CHAIR OF THE PSR PANEL 1. EXECUTIVE SUMMARY AND RECOMMENDATIONS 2. CHAPTER A. ABOUT THE INITIATIVE 9. Purpose and governance of the DIGITAL PAYMENTS INITIATIVE 9. The PANEL 's approach to the INITIATIVE 9. CHAPTER B. BARRIERS TO GREATER USE OF DIGITAL PAYMENTS 11. 1 Lack of awareness and understanding of DIGITAL payment options 11. 2 DIGITAL exclusion 12. 3 Failure of DIGITAL payment options to meet consumer needs 13. 4 Failure of DIGITAL payment options to meet small business needs 14. 5 Understanding of the barriers 15.
Another potentially relevant example is the campaign to raise consumer awareness of Pay.UK’s Current Account Switching Service. 14. The PSR’s card-acquiring market review (CAMR) found that it is hard for small merchants to compare card-acquiring services because prices are not typically published, and pricing structures and approaches
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