As PSD2 kicks in, will mobile carriers transform the EU financial landscape?
Whatever else 2018 might have in store for European consumers, we can count on this: Banks will loosen their grip on invaluable customer data, third-party providers will be more than ready to pick up the slack, consumers will gain new digital payment options, and mobile carriers will offer them a logical and appealing choice. This chain of consequences is being pulled tight by the revised Payment Services Directive 2 (PSD2), which became national law in all European Union member states in January.
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