PSD2: a chance for meaningful change in payments
The initial EU Payment Service Directive – published in 2007 – was established during a markedly different payment environment from today. There’s a clear need for a revisit, not least in response to the industry’s growing need for enhanced transparency and security. Yet, PSD2 – while first and foremost a regulatory evolution – will also create opportunities to foster industry competition that will, in turn, augment the payment infrastructure.
Discover the full article by Deutsche Bank here.