UK regulator proposes profit reporting rules for Visa and Mastercard

Key Takeaways

• The PSR’s May 2026 proposal would mandate UK-specific profit & loss and balance sheet disclosures, transaction breakdowns by type, and independent audits to address opaque profit margin reporting by Visa and Mastercard (fintech.global).
• The move follows PSR’s earlier findings of limited competition and rising scheme and processing fees, which lacked corresponding improvements in service quality (en.wikipedia.org).
• The PSR’s proposal is part of broader efforts—including past fee‑cap consultations and court rulings affirming regulatory power—to enhance transparency and regulatory oversight in the UK card payments market (uk.investing.com)