Briefing - Payment services framework - 29-08-2025
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On 28 June 2023, the Commission tabled a package of proposals to strengthen the payment services framework which would address the issues raised by the review of the (revised) Payment Services Directive (PSD2) – the core EU legislative act of the frameworkBriefing - Payment services framework - 29-08-2025
On 28 June 2023, the Commission tabled a package of proposals to strengthen the payment services framework which would address the issues raised by the review of the (revised) Payment Services Directive (PSD2) – the core EU legislative act of the framework. The main issues highlighted are: a) the risk of fraud and lack of confidence in payment services; b) shortcomings in open banking; c) inconsistent application across Member States; d) an uneven playing field between banks and non-bank payment service providers. The package consists of a proposal for a revision of PSD2 – thus PSD3 – and a proposal for a new regulation enhancing supervisory consistency in the EU – which would cover large sections of PSD2. PSD3 would encompass electronic money services, repealing the governing directive. Source : © European Union, 2025 - EP