Payment Services Regulations

The Payment Services Regulations are rules that govern how payment providers, like banks and online payment companies, operate within a country. They ensure these companies handle your money responsibly, protect your funds, and provide secure and transparent services. These regulations set standards for licensing, fraud prevention, data security, and customer rights, helping to foster trust and safety in electronic payments. Essentially, they create a legal framework that promotes safe, reliable, and fair payment methods for consumers and businesses alike.