IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2020v14i1p40-47.html
   My bibliography  Save this article

The impact of the Revised Payment Services Directive on the market for payment initiation services

Author

Listed:
  • Yawe, Bruno Lule

    (Associate professor of economics, Uganda)

  • Mukisa, Ibrahim

    (Lecturer in Economics, Uganda)

Abstract

The Revised Payment Services Directive (PSD2) was adopted to stimulate the development of an integrated internal market for payment services. This paper describes the impact of PSD2 on online payments by documenting the impact of PSD2 on the market for payment initiation services, both now and into the future. PSD2 has formalised the relationship between banks and FinTechs by establishing open banking, thereby providing open access to customer account data and payments infrastructure. The general response of Europe’s bankers to PSD2 is one of uncertainty. While there is considerable uncertainty about both the gravity and timing of the threats to emerge under PSD2, the new regulation opens highly attractive opportunities for established payments organisations.

Suggested Citation

  • Yawe, Bruno Lule & Mukisa, Ibrahim, 2020. "The impact of the Revised Payment Services Directive on the market for payment initiation services," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 14(1), pages 40-47, March.
    • Handle: RePEc:aza:jpss00:y:2020:v:14:i:1:p:40-47
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/5439/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/5439/
    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

    PSD2; online payments; payment initiation services; FinTechs;
    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:2020:v:14:i:1:p:40-47. 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.