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Enhancing Economic Resilience Through Secure Fintech Payments: A Legal And Regulatory Analysis Under The Evolving Eu Framework

Author

Listed:
  • HORATAU, Ionut

    (Faculty of Finance and Banking - Bucharest University of Economic Studies; National Bank of Romania, Payments and Payment Instruments Oversight Division of the National Bank of Romania, Bucharest, Romania)

Abstract

Digital payments are increasingly central to the European Union’s financial ecosystem, but it seems that they face growing security and operational risks. This study is proposing to explore how secure fintech payment services can enhance economic resilience by ensuring business continuity, security of the payment services and so reducing systemic vulnerabilities. Methodology is by focusing on the EU regulatory framework, particularly Payment Services Directive PSD2 [1] and the forthcoming Third Payment Services Directive (PSD3) [2]/Payment Services Regulation (PSR) [3], to identify and emphasize adequate security measures to mitigate the risks associated to payment services. This might eventually lead to compliance from fintech entities to preserve the economic resilience. The preliminary result of the analysis shows that secure fintech payment services, when aligned with EU regulatory requirements, significantly strengthen economic resilience. The research proposes to emphasize how the regulatory foresight combined with proactive security measures might foster a reliable, trusted, and resilient digital payment infrastructure, capable of supporting the EU economy under normal conditions and during periods of stress or disruption.

Suggested Citation

  • HORATAU, Ionut, 2025. "Enhancing Economic Resilience Through Secure Fintech Payments: A Legal And Regulatory Analysis Under The Evolving Eu Framework," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(1), pages 203-220, October.
    • Handle: RePEc:vls:rojfme:v:13:y:2025:i:1:p:203-220
    DOI: https://doi.org/10.65672/jfme.2025.1.19
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    References listed on IDEAS

    as
    1. Anagnostopoulos, Ioannis, 2018. "Fintech and regtech: Impact on regulators and banks," Journal of Economics and Business, Elsevier, vol. 100(C), pages 7-25.
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    Keywords

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    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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