Payment services and electronic money services in the Internal Market

The Electronic Money Association (EMA), established in 2001, is the trade body for European and UK Crypto Assets Providers (CASPs), Payment Institutions (PIs), E-Money Institutions (EMIs), and Credit Institutions (CIs) providing innovative payments.

In France, lassociation des Sociétés Financières (ASF) represents in France the activities of financing specialising in credit and in financial and investment services. Its 270 members are active in the service of businesses and professionals (factoring, leasing of furniture and real estate, financing of energy) and households (consumer credit and housing credit).

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European Digital Finance Association (EDFA) welcomes the opportunity to share its position on the EU payment services legislative package presented by the European Commission on 28th June 2023. EDFA hopes that the proposals will help to further level the playing field between bank and non-bank payment providers, as well as modernise and enhance the resilience and competitiveness of the payment sector.

American Express (Amex) welcomes the proposed Payments Services Package introduced by the European Commission (EC) in June 2023, as these proposed changes will help to foster innovation, strengthen competition, and secure safer payments. Overall, this package marks an important step towards harmonizing payment standards across the EU.

SIBS welcomes the opportunity to provide feedback and contribute to the European Commissions legislative proposal for a Directive on payment services and electronic money services (PSD3), which is part of the package to review the current legal framework (PSD2).

IPF hopes that the proposals will help to further level the playing field between bank and non-bank payment providers, as well as modernise and enhance the resilience and competitiveness of the payment sector. For the upcoming legislative procedure, IPF urges lawmakers in the European Parliament and the Council to use the revision of PSD2 as an opportunity to avoid excessive requirements and increased bureaucracy.

PSR art 2(2)(b) proposes to narrow down commercial agent exemption. As a result many marketplaces would have to obtain a payment services license (or arrange sellers to hand payments over to licensed providers), which is likely to reduce availability of digital payment methods for both buyers and sellers. Related payments' specific risk is low and not worth regulatory resources.

First, we welcome the decision to introduce a regulation that includes provisions on payment services, transparency, and rights and obligations, consistent with the regulators' intention to create a level playing field for PSPs at the European level.

As the private sector operator of the pan-European SEPA payment systems STEP2-T and RT1, EBA CLEARING welcomes the opportunity to provide feedback on the proposed Payment Services Directive. EBA CLEARING has suggested specific amendments to the proposal wording, along with the reasoning behind each proposed amendment, in the attachment.

Mastercard welcomes the Commission's legislative proposal on PSD3, and its ambition to improve upon the existing PSD2 regime. We welcome the measures aimed at streamlining the existing rules and making the framework more coherent and robust. In our position paper we provide suggestions on how to improve the legislative proposal.

Adigital welcomes the opportunity to provide feedback to the EU Commissions proposal on Financial Data Access and revision of the Payments Services Directive (PSD2). We are aligned with the goals of building off of prior legislative work to: (i) create an even more competitive and innovative payments' ecosystem in Europe; (ii) increase payment speeds and lower payment costs for European customers; (iii) enhance…

We welcome the choice of a Regulation for the provisions on the scope of payment services (PSs), transparency and rights and obligations as it goes in the direction to create a uniform EU regulatory framework avoid fragmentation and competitive disparities. We agree that the proposals entail an evolution of the payment sector leveraging the investment already made (e.g.PSD2 dedicated interfaces).

ChargeUp Europe welcomes the revision of the Payments Services Directive (PSD3) and the proposal for a Payment Services Regulation (PSR). While the proposal is a step in the right direction, and will undoubtedly help to encompass an expanding variety of available payment instruments and circumstances, it, however, missed the chance to enable seamless electric vehicle (EV) charging.

SVIA Contribution to the EU Commission on the PSD3 proposal The Social Vouchers International Association (SVIA) represents issuers of social vouchers, which are social benefits attributed to workers collectively by their employers, public or private, carrying a right to access specific goods or services that improve their working conditions and facilitate their work-life balance (such as access to food, culture…

The EUs payment services legislation has been an important driver of change in how travel technology businesses handle payment transactions. eu travel tech broadly views the revised Payment Services Directive (PSD2) as a piece of legislation that has enabled the development of innovative payment services, increasing competition in the relevant markets and making payments more efficient, swift and secure for…

The Digital Currencies Governance Group (DCGG) welcomes the opportunity to provide feedback on the revised Payment Services Directive (PSD3). Please find attached our comments. We would be delighted to discuss our response in more detail should there be any questions or points of clarification that may support your assessment.

The European FinTech Association (EFA) welcomes the European Commissions (Commission) proposals for a new Payment Services Directive (PSD3) and Regulation (PSR). PSD2 has delivered a more innovative, competitive payments landscape in Europe, allowing consumers to benefit from new products and services and more secure payments.

Hello The French banking profession, through its federation FBF (French Banking Federation), wishes to make its contribution and thus respond to the European Commission's consultation on its legislative proposal on the revision of PSD2. To do so, please find attached the "Have your say" on the draft PSD3 Directive. Yours sincerely, FBF

GBIC welcomes the opportunity, provided by the European Commission, to give feedback on this proposal for this Directive and contribute to the legislative debate. Please find attached our detailed comments and positions on the proposal. The German Banking Industry Committee (GBIC) is the joint committee operated by the central associations of the German banking industry.

From AMETIC, the employers of the digital sector in Spain, we appreciate the opportunity to provide information on the European Commission’s proposal on access to financial data and the revision of the Payment Services Directive (PSD2). Details can be found in the attached file.

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The Dutch Payments Association (DPA) organises collective and non-competitive tasks in the national payment system for its members. The DPA and its members welcome the European Commissions (Commission) proposal for a new Directive on payment services and electronic money services in the Internal Market (PSD3). We are pleased to see that the Commission made targeted amendments to PSD2.

Wise welcomes the European Commission's proposals for a revised Payment Services Directive (PSD3) and new Payment Services Regulation (PSR), especially the enhanced harmonisation a Regulation will bring. The lack of harmonisation and the differing national interpretations on certain regulatory requirements has been problematic and caused significant challenges for innovative firms to expand across borders.

DECO welcome this proposal. It is essential to have a thorough review of the PSD2. We agree with the conclusion of the impact assessment regarding consumers' at risk of fraud. COMMENTS Scope (Articles 1 and 2 and Recitals 13 and 68) The proposal for a Directive on licensing and supervision of payment institutions is largely based on Title II of PSD2, regarding Payment Service Providers, which only applies to payment…

Thank you very much for going to the following by saying that I am not going to work hard, but explained in advance that I am hungry for one day to stop the theft of data, I am not a young person of 80 90, but I grew up with the first devices all of life and as pushing everything related to technology to sleep with ideas on the importance of using everything related to making a better world not and integrated, as is…

Filed in Spanish · English published by the European Commission