The Bank’s supervisory approach for payment service providers focuses on implementing early corrective action to address risks that could jeopardise public trust in the national payment system. The supervision of payment service providers uses a risk-based approach built on key principles that are essential to the safe and efficient functioning of the national payment system. The Framework for Supervising Payment Service Providers outlines the regulatory requirements and international standards to which entities must comply. The Bank will continue to review and update this Methodology to ensure that it remains relevant and effective,