FinTech. Born in Europe. Scaled elsewhere? – PaymentsJournal

This second and updated version of the European Payments Services Directive (PSD2) will facilitate a revolution in payments when it comes into force next year. Traditional banks will now face competition from entirely new third-party providers leading to disintermediation of traditional banking services. Established banks will have the opportunity to rethink business models and to out innovate their rivals and new entrants, resulting in overall better services.

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