PSD2

PSD2, or the Revised Payment Services Directive, is a European regulation that aims to make online payments safer and more competitive. It requires banks to open their payment infrastructure to third-party providers with customer consent. This enables new services like account aggregators and innovative payment solutions, fostering greater choice and innovation. For consumers, PSD2 enhances security through stronger authentication methods and increases transparency in transactions. Overall, the regulation promotes a more integrated, secure, and efficient digital payments ecosystem within the EU.