IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2009v3i2p105-113.html
   My bibliography  Save this article

The Payment Services Directive: Where are the opportunities for new entrants in the European payments industry?

Author

Listed:
  • Van Winkel, Erik

Abstract

This paper explores the business opportunities (as opposed to legal compliance requirements) resulting from the implementation of the Payment Services Directive (PSD) in the European Union (EU) and European Economic Area countries as of 1st November, 2009. First, an overview of the most important business implications is given — not always obvious at first reading of the PSD text, and in some cases still under debate by the industry and national/EU legislators as to what the correct interpretation is. An insight is then provided into the types of organisations that are most likely to have an interest in entering the payments industry or, when already present, extending their reach in the value chain, providing some of the payment services covered by the PSD. The paper finally touches upon some of the key outstanding issues to be resolved or clarified, in order to remove any remaining barriers to businesses taking full advantage of the opportunities presented by the PSD.

Suggested Citation

  • Van Winkel, Erik, 2009. "The Payment Services Directive: Where are the opportunities for new entrants in the European payments industry?," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 3(2), pages 105-113, April.
    • Handle: RePEc:aza:jpss00:y:2009:v:3:i:2:p:105-113
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/801/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/801/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Payment Services Directive; European payments regulation; competition in payment services; payment institution/e-money institution; non-bank payment service providers; market entry opportunities; payments value-chain extension;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2009:v:3:i:2:p:105-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.