Section 38(5)

For the purposes of this regulation— “acquirer” means a payment service provider contracting with a payee to accept and process card-based payment transactions, which result in a transfer of funds to the payee; “payment instrument” has the meaning given by regulation 2(1) of the Electronic Money Regulations 2011; “remote payment transaction” has the meaning given by regulation 2 of the Payment Services Regulations 2017.

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Source: legislation.gov.uk · retrieved 2026-09-04