PSD2: A revolution in European payment methods

In 2007, the European Union adopted the Payments Services Directive (PSD). The PSD created a single market for payments within Europe and laid down the legal basis for the Single Euro Payments Area (SEPA), simplifying bank transfers of euros. Now, a decade later, the EU has pushed through a revised version of the PSD, titled the Payments Services Directive 2 (PSD2), to be implemented on January 2018.

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