Psd_2.psd May 2026

: Banks must share customer data (with explicit consent) with Third Party Providers (TPPs) . This allows for innovative services like Account Information Services (AISP) and Payment Initiation Services (PISP).

: To fight fraud, the directive mandates two-factor authentication for most electronic payments. psd_2.psd

: By allowing non-bank entities—like tech startups and retailers—to enter the payment space, PSD2 fosters innovation and lower costs . Payment Services Directive: frequently asked questions : Banks must share customer data (with explicit

The is more than just a legal framework; it’s a catalyst for the Fintech revolution . By mandating that banks open up their data to authorized third parties, it has leveled the playing field and put the power back in the hands of consumers. Key Pillars of PSD2: psd_2.psd