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What is the Payment Services Directive (PSD)?

April 26, 2017Directive payment PSD Services

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What is the Payment Services Directive (PSD)?

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10 Posted

The PSD is a piece of EU legislation designed to harmonise the laws relating to payment services across Europe. The PSD applies across the European Economic Area (the EEA) which comprises the 27 EU member states as well as Iceland, Norway and Liechtenstein. Each country in the EEA has to implement the PSD into its own law. In the UK the PSD has been implemented by the Payment Services Regulations (PSR).