PSD2- Payment Service Directive 2, is believed to bring better cooperation between banks and Fintech. It also brings hope of re-gaining the trust on financial institutions. Especially, the trust that was fading out after 2008. Specifically in Europe, people were losing their faith in financial institution. Although, high hopes are riding on PSD2. What is
Is PSD2 mandatory?- Yes. As per the revised Payment Service Directive by the European Union (EU), Payment Service Directive (PSD2) is now mandatory. If you are still wondering what this is, trust me you are not alone. 76 per cent online buyers have never heard of it! Hence, these statistics are worrisome. But why does it matter to you? What
"What is PSD2?" This is what you will find on press release database of European Union (EU) when you search for PSD2. So, we have our willingness to know. On the other hand, EU is trying to put up the information well. Then again, all interest comes to a point where the future of its
Having Payment Service Directive (PSD2) is now mandatory. Still don't have it? If no, there is some bad news for you! From the running month, you won't be able make any payments via your card if you do not have PSD2. It is as per the revised Payment Service Directive by the European Union (EU).
PSD2 - The Future of Banking The Second or Revised Payment Services Directive (PSD2) is a fundamental piece of payments-related legislation in Europe, which entered into force in January 2016. Retail banking has been in the game-changing year since 2018. Banks' dominance on their customer's account information and payment services will disappear with the PSD2