FCA, BoE, PRA, and PSR revise their MoU to strengthen coordination on payment systems, aligning with NPV and enhancing fraud and digital wallet oversight through clearer roles and data sharing

The updated MoU clarifies roles, embeds data sharing, and promotes joint supervision, particularly around issues like push payment fraud and digital wallets. It also prepares for the planned consolidation of the PSR into the FCA, ensuring a seamless transition while reinforcing oversight. The move signals a stronger, more unified approach to tackling fraud and safeguarding consumer trust in the evolving digital payments landscape…