PSD2 (Revised Payment Services Directive)

PSD2 (Revised Payment Services Directive) is a European regulation that aims to make online payments more secure, competitive, and innovative. It requires banks to share customer account information securely with third-party providers, with the customer's permission. This enables services like account aggregation, new payment methods, and stronger customer authentication. Overall, PSD2 empowers consumers by increasing control over their financial data, promoting transparency, and fostering innovation in the digital payments landscape while ensuring safety and security.