13 January 2018: The Clock is Ticking
21 January 2016
After a lot of waiting, the date has been set. PSD2 was published in the Official Journal on 23 December 2015 and will come into force on 12 January 2016.
With the exception of some requirements where the implementation period is linked to the finalisation of EBA technical standards, Member States will have until 13 January 2018 to implement the requirements of PSD2.
Our report identifies a number of key areas for all of our clients to consider as PSD2 ushers in:
- Greater information provision and pricing restrictions for international payments
- A new market for innovators who want to use existing bank and payment infrastructure
- Significant operational changes for all PSPs
Read the full article here.