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Beyond Compliance: The Legal Framework of PSD3 and PSR and the Future of Payments - PART 1

Updated: Apr 11


A shining bulb as inspiration

Introduction

The European Union (EU) has made significant advancements in modernizing its payment services framework with the introduction of Payment Services Directive 3 (PSD3) and the Payment Services Regulation (PSR). These regulations aim to enhance the existing payment system, promote innovation, and address evolving challenges in the digital payment landscape. Building on the foundations laid by PSD2, PSD3 and PSR seek to strengthen the sector against fraud, enhance transparency, and ensure high consumer protection standards. These reforms are designed to foster a secure, efficient, and innovative payments ecosystem in the EU and beyond.

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