Beyond Compliance: The Legal Framework of PSD3 and PSR and the Future of Payments - PART 2
- Dr. Elena Niki Karletidi
- Apr 11
- 4 min read
3. The Scope and Impact of PSD3
PSD3 is designed to:
Modernize Payment Services: Facilitating secure, faster, and more efficient payment processes across the EU
Enhance Consumer Protection: Ensuring that consumers’ rights are protected in every transaction, and providing clearer avenues for dispute resolution
Foster Innovation: Encouraging the development of new financial products and services, especially in the realm of open banking
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