31 March 2025
This month has seen significant developments in the payments industry, from strategic consolidations to regulatory uncertainties.
Reports suggest that the UK government is evaluating the dissolution of the Payment Systems Regulator. While the motivations are not yet clear, the potential move raises questions about the future of regulatory oversight and market competition in the UK’s payments landscape
In response to evolving consumer behaviour and inflationary pressures, the Financial Conduct Authority is contemplating adjustments to the current contactless payment limits. Possible changes include raising the cap or eliminating limits altogether to boost transaction efficiency and user convenience.
With the updated PCI DSS compliance deadline approaching, a significant 62% of businesses remain unprepared. Non-compliance could lead to substantial financial penalties and increased security risks. Polar Moment offers PCI DSS accreditation. Please let us know if you need support with this.
This month we conducted our annual customer survey. Customer satisfaction remains exceptionally high, with an average rating of 9.82 out of 10.
100% of respondents strongly agreed that Polar Moment met their requirements, provided expert advice, and communicated effectively.
In a strategic move to expand its payments consulting capabilities, Oliver Wyman has integrated Innopay, a renowned Dutch consultancy specialising in digital transactions. The acquisition aims to deepen expertise in digital identity, open banking, and data-sharing, reinforcing Oliver Wyman’s position in the payments advisory market.