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PSD2

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in forcesectoral
Type
directive
Layer
sectoral
Status
in force
In force
2016-01-12
Key date
PSD3/PSR successor in pipeline
CELEX
32015L2366
Last verified
2026-07-21
Official text
EUR-Lex / official source

Payment Services Directive 2 (PSD2)

Stub — deep dive in preparation. Key metadata above is sourced from EUR-Lex; the full explainer for this instrument is still being written.

Directive (EU) 2015/2366 — the current EU framework for payment services, best known for opening bank account data to licensed third parties (“open banking”) and mandating strong customer authentication.

What it does (at a glance)

  • Licensing and conduct rules for payment institutions.
  • Open banking: account-information and payment-initiation service providers get regulated access to payment accounts.
  • Strong customer authentication (SCA) for electronic payments.
  • Liability and refund rules for unauthorised transactions.

Watch items

  • ⚠️ VERIFY — the PSD3 / Payment Services Regulation package (proposed June 2023) will replace PSD2; check the current state of the legislative procedure.

Sources