What is PSD2?

With the revised, i.e. second Payment Services Directive (PSD2) adopted in October 2015, the EU wants to make payment transactions on the Internet more convenient, cheaper and safer.

The EU wants to promote competition in the payment system and standardize the payment products by standardizing the rules for banks and payment service providers. PSD2 help to ensure transparency and fair competition and reduce the entry barriers for new payment services – all for the benefit of the customer.

The Directive requires that all Member States implement these rules as national law by 13 January 2018.

What is the expected impact?

Read full article here

Is PSD2 secure enough?

Read full article here

What does PSD2 mean for banks?

Read full article here

2 thoughts on “PSD2 for dummies

  1. Hello,I check your blog named “PSD2 for dummies – Fintechrockers” daily.Your story-telling style is witty, keep up the good work! And you can look our website about love spells.

Leave a Reply

Your email address will not be published. Required fields are marked *