Payment Services Directive (PSD)

The Payment Services Directive (PSD) is a European Union regulation designed to create a unified framework for payment services across EU countries. It aims to enhance competition, innovation, and security in financial transactions, making it easier for consumers and businesses to manage and make payments. PSD sets rules for banks and payment providers, ensuring transparency in fees and protecting consumers’ rights. It also encourages the development of new payment methods, like mobile payments. Overall, PSD helps to streamline and secure the way money moves across Europe, benefiting users with more choices and better services.