A moment of decision is a noun defined as: A climactic, decisive or critical moment in an event or period.

With the Payment Systems Regulator (PSR) stating in its recently published 2023/24 plan that it is keen to see progress on delivery “without further delay” and the potential for the white smoke of a vendor decision in the coming weeks it really is a moment of decision for the New Payment Architecture or NPA.

A key element of the PSR’s latest work programme is the proposed New Payments Architecture (NPA).

As we approach the end of the first third of 2023 it is clear that we have reached a climactic, decisive and critical moment for the NPA.

The PSR's recently published annual plan does provide some helpful insights into the regulatory focus into the NPA that we can expect to see over the coming 12 months.

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