PSD3

Payment Services Directive 3

UpcomingPayment ServicesEurope
European Union • Regulated by European Banking Authority (EBA)
📅
Effective Date
Jan 2026
Expected
Full Compliance
Jun 2027
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Regulator
European Banking Authority
EBA
📊
Scope Areas
4

Overview

The proposed third Payment Services Directive aims to address shortcomings of PSD2, improve API performance standards, enhance fraud prevention, and extend open banking principles. It will work alongside FIDA for broader data sharing.

Note: Expected to be adopted by 2024-2025 with implementation by 2026-2027.

Applicable Countries

This regulation applies to all 27 EU Member States:

Scope & Coverage

This regulation covers the following areas and services:

AISPISCBPIIOpen Finance

Key Requirements

Enhanced API performance standards
Improved SCA flexibility
Stronger fraud liability framework
Better IBAN-name verification

Timeline

Expected Effective Date
January 1, 2026
Full Compliance Deadline
June 1, 2027

Official Resources

Related Regulations

Other Europe regulations you might be interested in:

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